The Fact That It Would Be Very Costly for Digipics

question 13

Multiple Choice

The fact that it would be very costly for Digipics to alter its operations if the large customer referred to in the previous question decided to stop doing business with Digipics suggests that Digipics has ________ in this situation.

• A) low flexibility
• B) low opportunism
• C) high flexibility
• D) high opportunism

Grasp the principles of market responses to resource scarcity, including exploration, conservation, and substitution.

Understand the role of private ownership and market trades in the efficient use and conservation of resources.

Recognize the difference between renewable and non-renewable resources and their management.

Grasp the importance of tradeable property rights in resolving water shortages and ensuring efficient use.

---

Definitions:

Frustration Tolerance

The ability of an individual to endure frustration, discomfort, or hardship without giving up, showing resilience in the face of obstacles.

Self-Control

The ability to pursue a goal while adequately managing internal conflicts about it, or to delay pursuing a goal because of other considerations or constraints.

Delay Mechanisms

Techniques or processes used to postpone or slow down an action or reaction.

Self-Reliant

The ability to depend on oneself for various needs and decisions without requiring support or approval from others.