In Resource Dependence Theory

question 43

Multiple Choice

In resource dependence theory:

• A) a small supplier should count on price competition for locking in accounts.
• B) a small supplier should lock in a single large company for the bulk of its sales.
• C) organizations will do whatever is needed to avoid dependence on the environment for reducing uncertainty.
• D) organizations will set up dependencies when they become more self-reliant.

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Definitions:

Descriptive Statements

Statements that provide detailed information or explanation about a specific topic, often used in documentation or reporting.

LIFO

Last In, First Out, an inventory valuation method that assumes goods purchased last are the first ones sold, affecting the cost of goods sold and inventory valuation.

FIFO

First-In, First-Out; an inventory valuation method where goods first purchased or produced are sold or used first.

IFRS

International Financial Reporting Standards, which are a set of global accounting standards.