Your Roommate Is Studying to Be a Chef and Likes

question 99

Multiple Choice

Your roommate is studying to be a chef and likes to try new recipes.He leaves his delicious creations in the refrigerator for anyone who wants to eat them.The food he leaves is always gone within a day.This is an example of:

• A) the commons problem.
• B) the tragedy of the commons.
• C) an internal cost.
• D) the free-rider problem.
• E) a positive externality.

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Definitions:

Competitive

The state of trying to outperform rivals in a market by offering better products, prices, or services.

Human Resource Management

The strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage.

Performance Appraisal

A systematic evaluation process in which the work performance of an employee is evaluated in terms of quality, quantity, cost, and time.

Human Resource Strategy

A plan that aligns the management of employees with the goals of the organization to gain competitive advantage.