Alexander works for salamon telecommunications inc., a large corporation. his work requires him to travel extensively and, as a result, he spends much time working remotely. taking advantage of the situation, alexander often works on personal projects instead of company projects. salamon telecommunications has difficulty checking on alexander's work because he has no supervision in many of the places where he travels. this scenario exemplifies a(n)
a. moral hazard.
b. inverse selection.
c. poison pill.
d. outside director.

The correct choice of answers to these questions is A) Moral hazard.

Moral hazard is a danger caused by the attitude of carelessness and lack of attention to increase the occurrence of losses. Moral hazard from immoral behavior is very threatening the progress of business and organization. Moral hazard will slowly turn off responsibility and accountability in the workplace. As a result, productivity and performance will continue to fall, leaving the company forever powerless.

If the company's leadership ignores moral hazard in the workplace; then he will harvest behavioral damage, work character damage, work ethic damage, professional attitude damage, positive mindset damage, and damage to act according to the procedure. As a result, people in the company will become as they please and often create conflicts that make it difficult to achieve performance.

Normatively, ethics is a tool to educate morals and behavior so that it does not become a hazard. Quality companies and agencies must create ethical guidelines to be followed by every individual in the workplace. Ethical guidance is usually strengthened by the fact of integrity, and also the fact of accountability so that every individual in the workplace can account for everything professionally and ethically.

Firmness to internalize ethical values into character, attitudes, behavior, ways of thinking and individual competence is very helpful for companies to avoid the various risks posed by moral hazard. If the seeds of moral hazard have arisen in the workplace, leadership and management must immediately intervene quickly with positive values

So to overcome this occurrence can be applied remotely working in the company. Remote working itself is a term for remote work, so no need to go to the office to complete a job. The implementation of remote working itself is diverse, some of which are employed by a company in various cities, some work in an office for only 3 days a week and the rest work in various cities. By utilizing existing technology today, to find out the performance of employees, the company does not need to worry, because every activity can be known through communication and supporting technology.

Learn more

Moral hazard ,

Details

Class: High School

Subject: Business

Keyword: Moral hazard.

answer; dogs;