Asymmetry of information generally refers to
A)the irregular arrangement of papers on the bargaining table.
B)management's possession of more complete financial information than the union.
C)the lack of adequate public information about most businesses.
D)one side's superior preparation.
E)one side's possession of better eyeglasses.

Question

Quizplus · Accepted Answer

Asymmetry of information refers to one party having more complete or accurate information than the other party, which can be the case in labor disputes where management may have access to confidential financial information that the union does not.

Asymmetry of Information Generally Refers to