Q. 19 You are on the board of director... [FREE SOLUTION]

Chapter 16: Q. 19 (page 398)

You are on the board of directors of a private high school, which is hiring new tenth-grade science teachers. As you think about hiring someone for a job, what are some mechanisms you might use to overcome the problem of imperfect information?

Short Answer

Expert verified

Taking documents and certificates proving his knowledge, expertise, and professional license are some of the strategies that can be utilized to solve the issue of inaccurate information.

Step by step solution

Step 1. Definition of Imperfect Information.

Imperfect information refers to situations in which the other the buyer or the seller, or both, is unsure about the characteristics for what they have been purchasing and selling.

Explanation of solution.

When it comes to recruiting someone for a job or employment, having incomplete information is a concern. Employers should use a few ways before hiring to help alleviate this problem. If you're recruiting a teacher in a school with little information, you should gather information about his knowledge and work experience before you hire him. Resumes, letters of recommendation, and school transcripts are documents that describe a teacher's education level and employment experience.

A document that can be utilized before employing an instructor is an occupational license. A vocational license is a government-issued document that describes a teacher's education and specialty in a specific profession or sector.

As a result, when recruiting a teacher at a private high school, documents demonstrating his expertise, experience, and occupational license may help to mitigate the problem of imperfect data.