The Phrase "Smart for One, but Dumb for All" Refers

question 110

Multiple Choice

The phrase "smart for one, but dumb for all" refers to the idea that the individual pursuit of self-interest:

• A)only leads to an efficient outcome when everyone is well-informed.
• B)always leads to an efficient outcome.
• C)never leads to an efficient outcome.
• D)doesn't always lead to an efficient outcome.

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Definitions:

Predictors

Elements or variables that can be used to forecast or anticipate the outcome of a certain event or trend.

Training

The process of enhancing the skills, knowledge, and competencies of employees through structured learning activities to improve job performance.

Hiring Decision

The process and reasoning behind choosing a candidate for a job position.

Selection Process

The method used by organizations to identify, assess, and hire individuals for positions.