If You Sell Your DVD Player on EBay,you Will Be

question 6

Multiple Choice

If you sell your DVD player on eBay,you will be better informed about the quality of the product than any potential buyer.This is called

• A) adverse selection.
• B) asymmetric information.
• C) moral hazard.
• D) opportunistic behavior.

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Definitions:

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its rivals.

Diversity Management

The process of acknowledging, understanding, and valuing differences among people in the workplace including race, gender, age, nationality, and others, to achieve better business performance.

Minority Groups

Minority groups are populations differing from the majority population in some characteristics and often experiencing disadvantage or discrimination.

Prison Inmates

Individuals who are kept in a penal institution as a result of being convicted of a criminal offense.