CASE Scenario - Taryn Reynolds

question 49

Multiple Choice

CASE
Scenario - Taryn Reynolds
One of the most talented managers to ever work at Lime Mining is Taryn Reynolds. Combining graciousness with high intelligence and creativity, Taryn has been successful in attracting and building a highly committed and competent division of employees. When interviewed by the national news media for insight into her success, one of the topics that became a primary focus was the challenge of communicating effectively.
-Taryn believes that successful managers solicit and respond to upward communication. Information that can be expected with upward communication includes all of the following EXCEPT which one?

• A) Procedures and practices
• B) Suggestions for improvement
• C) Financial and accounting information
• D) Performance reports
• E) All of these are included

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Definitions:

Adverse Selection

A situation where asymmetry of information results in high-risk individuals being more likely to participate in an agreement or market, leading to an inefficient outcome.

Moral Hazard

The situation where one party may take risks because they do not bear the full consequences or financial burden of their actions.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for health expenses.

Incentive

A benefit, reward, or cost that motivates individuals or entities to act in a particular way.