An Approach That Can Be Taken by Someone Directly Involved

question 78

Multiple Choice

An approach that can be taken by someone directly involved in a transaction to solve the problems caused by information asymmetry is:

• A) statistical discrimination.
• B) mandating that information be shared.
• C) proofing.
• D) All of these are ways to solve information asymmetry.

Recognize the impact of assumptions and pre-existing images on the internship experience.

Understand the key components and focus areas of High Quality Internships (HQIs).

Recognize the historical roots and development of experiential learning.

Identify influential figures in experiential learning and their contributions.

---

Definitions:

Performance Rendered

The execution or completion of a task or duty as agreed in a contract or agreement.

Unconscionable Contract

An agreement that is so unfair or oppressive to one party that it is deemed unjust by the legal system.

Grossly Unfair

A situation or action that is extremely unjust or disproportionate, often violating ethical or legal standards.

Illegal Contract

An agreement that is not enforceable by law because it involves actions that are illegal or it violates legal statutes or public policy.