Today's Smartphones,you Can Watch the News,shoot Videos,browse the Internet,take Pictures,and

question 134

Multiple Choice

today's smartphones,you can watch the news,shoot videos,browse the Internet,take pictures,and listen to music.And more and improved new features are added with each new smartphone introduced from Apple,Samsung,BlackBerry,etc.As a result,consumers may want to replace their existing smartphones with new models or brands.This increase in demand is due in part to changes in ___________,an environmental force.

• A) competition
• B) social culture
• C) technology
• D) regulations
• E) the economy

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Definitions:

Moral Hazard

The situation where one party is more likely to take risks because they do not bear the full consequences of their actions.

Shirking

Avoiding or neglecting duties, responsibilities, or work, often covertly, to reduce personal effort while still receiving compensations or benefits.

Working Diligently

Refers to the act of putting consistent and earnest effort into one's tasks or duties.

Moral Hazard

A scenario in which an entity is prone to engage in risky behaviors knowing that another party will shoulder the consequences of such risks.