In the Absence of Contracting or Monitoring Costs, the Owner-

question 74

Multiple Choice

In the absence of contracting or monitoring costs, the owner- operated team is:

• A)Pareto- preferred to both the one person firm and the partnership.
• B)Pareto- preferred to the one person firm.
• C)Pareto- preferred to the partnership.
• D)Pareto- preferred to large firms.

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Definitions:

Cloud Computing

Internet-based computing that provides shared processing resources and data to computers and other devices on demand.

Broad Network

A broad network typically refers to a wide-reaching network infrastructure that connects multiple devices, systems, or regions, facilitating communication and data exchange.

Virtualization

The process of creating a virtual version of something, such as a hardware platform, operating system, storage device, or network resources.

IT Environment

The combination of hardware, software, network resources, and services required for the operation and management of an enterprise IT infrastructure.