In team-based environments, the principal may have difficulty determining individual contributions by members. This can create a situation in which an opportunistic employee does little work but takes credit and this is known as adverse selection.
<h3>
What is Adverse selection?</h3>
- In general, the term "adverse selection" refers to a situation in which sellers have knowledge about a certain feature of product quality but purchasers do not, or vice versa. In other words, it is an instance of the use of asymmetric information.
- When one side to a transaction has more in-depth knowledge of the relevant facts than the other, this is known as asymmetric information, also known as information failure.
- Usually, the vendor is the one who has more knowledge. When both parties are knowledgeable, it is said that there is symmetric information.
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Answer:
exactly!! i asked a question and one person responded with some link saying they put the answer on there. i think people just want points or something:
Answer:
B
Explanation:
Bid rotation is when contractors collude and take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.
Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.
Complementary bids are bids intended only to give the appearance of a genuine bid. Colluding bidders submit higher priced or deliberately defective bids to in order to ensure the selection of the designated winner at inflated prices.
Phantom bids are fake bids
Answer:
a. 10 times
Explanation:
The computation of price-earnings ratio is shown below:-
Earning per share = Net income ÷ Weighted average shares outstanding
= $2,000,000 ÷ 400,000
= 5
Price earning per share = Market price per share ÷ Earning per share
= $50 ÷ 5
= 10 times
Therefore for computing the price earning per share we simply applied the above formula.
Answer:
d. product structure.
Explanation:
Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.
