In Practice,the Cost Minimization Strategy Can Be More Expensive Than

question 104

Multiple Choice

In practice,the cost minimization strategy can be more expensive than the opportunity maximization strategy.
Which of the following is a way in which the cost minimization strategy is less expensive than the opportunity minimization strategy?

• A)the loss of unexpected opportunities
• B)the cost of extensive monitoring mechanisms
• C)the costs of writing detailed contracts
• D)the prevention of opportunistic behavior by the partner(s)

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Definitions:

Type II Survivorship

A survivorship curve where individuals die at a constant rate across their lifespan, common in some birds and perennial plants.

Density-Dependent

Referring to factors whose effects on the size or growth of a population vary with the density of the population itself.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other necessities available.