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Nelson recently attended an interview where the HR manager showed him a video of an ordinary work day in the organization and explained in detail the expectations of the job. The HR manager also explained about the criteria for promotions in the company. Although some of the information did not appeal to Nelson, he was sure about what to expect from the job and the company. The organization used the _____ method in the interview.
Foster Competition
Encourages or promotes a competitive environment within a market, leading to benefits such as innovation and lower prices.
Insurance Companies
Financial institutions that provide coverage against specified losses in exchange for premium payments.
Deductibles
The amount policyholders must pay out of pocket before an insurance company will cover the remaining costs of a claim.
Moral Hazard
The situation where one party is more likely to take risks because they do not bear the full consequences of their actions, often occurring in insurance and finance.
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