When an Organization Is Forced to Rely on a Small

question 8

Multiple Choice

When an organization is forced to rely on a small number of trading partners, the risk of ________.

• A) bounded rationality increases
• B) bounded rationality decreases
• C) opportunism decreases
• D) opportunism increases

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Definitions:

Participative Management Practices

A management approach where employees at all levels are involved in the decision-making process, enhancing collaboration and ownership.

Organizational Productivity

Refers to how efficiently an organization can convert inputs into outputs while maximizing quality and quantity.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting organizational stability and knowledge continuity.

Family Friendly

Policies or practices that are supportive of employees' family responsibilities, such as flexible working hours or parental leave.