When an Organization Relies on a Small Number of Trading

question 44

Multiple Choice

When an organization relies on a small number of trading partners,

• A)the risk of opportunism increases.
• B)bounded rationality decreases.
• C)bounded rationality increases.
• D)the risk in investing in specific assets decreases.

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Definitions:

High-Tech Manufacturing

A sector of industry that involves the production of goods using advanced technological processes and equipment, often associated with electronics, aerospace, and pharmaceuticals.

Retain

To hold onto or keep in possession, either physically or in memory.

Research Method

A systematic plan, procedure, or strategy used to investigate, acquire, or analyze information on a subject.

Field Research

The collection of data outside a laboratory, office, or classroom setting, often in its natural context or place of occurrence.