The Tragedy of the Commons Suggests That

question 7

Multiple Choice

The tragedy of the commons suggests that

• A)mutual trust is based on an ongoing process of give and take.
• B)an ongoing process of give and take is based on mutual trust.
• C)individual preferences may sometimes clash with collective welfare.
• D)collective preferences may sometimes clash with individual preferences.
• E)human goodwill is generally sufficient to induce individuals to support collective goals.

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Definitions:

Markov Analysis

A statistical technique used to predict the future state of a variable based on its current state and historical transition probabilities.

Succession Planning

The process of identifying and preparing suitable employees through mentoring and training to replace key players within an organization when they leave.

Trend Analysis

A quantitative approach to forecasting labour demand based on an organizational index such as sales.

Replacement Charts

Listings of current jobholders and people who are potential replacements if an opening occurs