________ Costs Are the Costs Associated with Negotiating, Monitoring, and Governing

question 46

Multiple Choice

________ costs are the costs associated with negotiating, monitoring, and governing exchanges between people.

• A) Historical
• B) Sunk
• C) Transaction
• D) Opportunity

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Definitions:

Climate Of Distrust

An environment characterized by skepticism and suspicion among individuals or groups, often leading to a lack of collaboration and openness.

External Dependencies

The reliance by an entity, such as an organization, on external resources or inputs (material, financial, informational) that it does not directly control, influencing its operations and outcomes.

Incremental Improvements

Gradual enhancements or upgrades made over time to improve a system, process, or product.

Exploitation

The act of using someone or something unfairly for one's own advantage, often without just compensation or consideration of their well-being.