Which of the Following Is a Form of Cheating or Undersupply

question 64

Multiple Choice

Which of the following is a form of cheating or undersupply relative to an implicit or explicit contract which usually takes place when buyers cannot easily monitor supplier performance?

• A) Institutional sale
• B) Business buying
• C) Opportunism
• D) Vertical integration
• E) Contractual transactionism

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Definitions:

Proxy

A person authorized to act for another, especially in a vote, or the act of authorizing someone to vote on one's behalf in corporate matters.

Quorum Requirements

The minimum number of members who must be present at any of its meetings to make the proceedings of that meeting valid.

Directors

Members of a corporation's board responsible for making major decisions and overseeing the managerial aspects of the company's operations.

Corporate Earnings

The profit a company makes after deducting all costs, expenses, interest, and taxes from its total revenue.