Examlex
During an interview, Justin speaks about his entry-level job in a way that leads the interviewer to believe that it was actually a managerial position that required him to supervise and manage many subordinate employees. What is this an example of
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of another after the contract has been concluded, particularly where one party bears the cost of those actions.
Uncertainty
A state of having limited knowledge where it is impossible to exactly describe existing states or future outcomes.
Incentive Compensation
A form of payment designed to motivate and reward employees for exceeding specific performance goals.
Compensation
Payment or benefits provided to employees in exchange for their labor or services, including salaries, wages, and benefits packages.
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