In Today's Age of Web 2

question 19

Essay

In today's age of Web 2.0,the wide reach of ________ sites such as MySpace and LinkedIn can get people hired faster.

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Definitions:

Moral-Hazard

Moral hazard is a situation in which one party is more likely to take risks because the negative consequences of the risk will be felt by another party.

Monitoring Employees

The process of overseeing employees' work activities and performance, often through the use of technology or other means.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another.

Prevalent

Widespread in a particular area at a particular time; commonly occurring or accepted.