________ Occurs When Actions Taken by One Party to a Transaction

question 52

Multiple Choice

________ occurs when actions taken by one party to a transaction are different from what the other party expected at the time of the transaction.

• A)Adverse selection
• B)Risk aversion
• C)Fraud
• D)Moral hazard

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Definitions:

360-degree Feedback

A comprehensive performance evaluation system where feedback is gathered from all directions including supervisors, peers, subordinates, and sometimes, customers.

Self-evaluations

Assessments individuals make about their own abilities, performance, and worth.

Evaluation Interviews

are formal discussions between a supervisor and an employee to review performance, set goals, and discuss career development.

Performance Feedback

The process of providing employees with information about their job performance and suggestions for improvement.