Moral Hazard

question 1

Multiple Choice

Moral hazard

• A)refers to any behavior under contracts that is risky.
• B)refers to any behavior under contracts that is inefficient.
• C)refers to any behavior under contracts that is unethical.
• D)is most closely associated with voluntary associations.
• E)is closely associated with the writings of Paul H.Appleby.

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Definitions:

Point Manual

A reference guide that assigns numerical values to job elements for the purpose of determining wage rates.

Point System

A method used for evaluating achievements or compliance, where points are assigned based on performance or adherence to rules.

Allocate Points

The process of distributing or assigning a numerical value or points to various categories or items for evaluation or comparison.

Subfactors

Constituent elements or components that contribute to a larger factor or condition, often used in analysis or assessment.