Which of the Following Is an Example of Moral Hazard

question 72

Multiple Choice

Which of the following is an example of moral hazard?

• A)A car salesman earns a commission of 10 percent on every car sold.
• B)An individual who eats well and exercises regularly chooses not to purchase health insurance.
• C)An individual drives less cautiously after obtaining automobile insurance.
• D)A car salesman offers a full warranty on a used car for 90 days.
• E)A person brings a mechanic to check a used car before buying it.

Comprehend the implications and motivations behind unions merging, as well as the characteristics and strategies of national labor federations.

Recognize the diverse membership composition of modern U.S. unions and their impact on labor relations.

Differentiate between labor and corporate organizations in terms of structure, democratic practices, formalized procedures, and specialized functions.

Analyze the role and objectives of the AFL-CIO in coordinating the union movement and its comparison to government levels.

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Definitions:

Internet-Based Applications

Software programs that operate online via the internet instead of being installed locally on a device.

Social Media

Platforms that enable users to create and share content or participate in social networking online.

Facebook

A social networking site that allows users to connect with friends and family, share content, and join or create groups.

Social Listening

The process of monitoring digital conversations to understand what customers are saying about a brand or industry online, for better market insights.