Opportunistic Behavior May Occur When

question 45

Multiple Choice

Opportunistic behavior may occur when

• A)a firm buys its inputs from multiple suppliers.
• B)firms incur significant transaction costs when negotiating contracts.
• C)a firm backwards vertically integrates.
• D)a firm can buy a key component from only one supplier.

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Definitions:

Backgrounds

The cultural, educational, and social contexts of individuals that influence their perspectives and behaviors.

Mascot

A person, animal, or object chosen to represent a group, organization, or team, often to bring luck or to symbolize the group's identity.

Role Differentiation

The process by which roles within a group become more specialized and distinct from one another.

Deindividuation

A psychological state of decreased self-awareness and decreased social identity, leading to uncharacteristic, often disinhibited behavior.