Question
Tim recently received a promotion and is now managing his former co-workers. Previously, Tim and his co-workers would go out together and they still remain
Tim recently received a promotion and is now managing his former co-workers. Previously, Tim and his co-workers would go out together and they still remain friends on social media. Tim has found that trusting his former co-workers to "get the job done" is not working. It seems that while some are working as hard as usual, others are now taking more time on breaks, playing with their phones at their desks, or not showing up for work at all. Tim's management style of "we are all friends, let's work together" is failing because:
A- Adverse Selection
B-Diminishing Marginal Utility
C-Moral Hazard
D-Incomplete Information
E-Asymmetric Information
F- None of the above
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