The Informativeness Principle Tells Us That

question 13

Multiple Choice

The informativeness principle tells us that:

• A)information is overrated because employees can always lie about their performance,and detecting is costly and counter-productive.
• B)one must use as much information as possible to develop compensation contracts,even if the cost of obtaining the information is unreasonable.
• C)one must only use information that is necessary to develop compensation contracts,as long as the cost of obtaining the information is reasonable.
• D)you must use as much information as possible to develop compensation contracts,as long as the cost of obtaining the information is reasonable.

Recognize the warning signals and wear indicators of brake components.

Understand the concept and impact of objectivity in social science research.

Comprehend the meaning of Type I and Type II errors and how they apply in social science contexts.

Define and explain the significance of "testability" in scientific theories.

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Definitions:

Kant

Refers to Immanuel Kant, an 18th-century German philosopher known for his work in ethics, particularly the philosophy of duty and moral imperatives.

Commensurability

The principle or quality of being measurable or comparable in a certain way, especially with respect to values or units.

Utilitarianism

An ethical theory that posits that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Preferences

The likes, desires, or choices a person has, which influence their behavior and decision-making, often considered in economics, psychology, and ethics.