In General,firms Will Prefer to Go It Alone Rather Than

question 34

True/False

In general,firms will prefer to go it alone rather than enter into a strategic alliance when the level of transaction-specific investment required to complete an exchange is low.

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Definitions:

Employee Engagement

The level of an employee's commitment and connection to their organization, which influences their willingness to put in effort towards its success.

Halo Errors

Bias in evaluating someone based on a single trait, characteristic, or first impression that influences judgment of all other qualities.

Severity Errors

Biases in evaluation, especially in performance appraisals, where the evaluator tends to rate everyone lower (or harsher) than deserved.

Leniency Errors

A type of bias in performance appraisals where the evaluator tends to rate employees more favorably than their performance deserves.