When It Is Difficult to Assign and Enforce Property Rights

question 84

Multiple Choice

When it is difficult to assign and enforce property rights,

• A) markets result in outcomes that are often inefficient.
• B) courts can easily negotiate efficient outcomes.
• C) establishing better property rights is always the best way to deal with environmental problems.
• D) government regulation can never improve on the outcomes generated by competitive markets.

Grasp the concept of core competency and its impact on strategic outsourcing decisions.

Realize the importance of information technology in bridging the IT gap within supply chain collaborations.

Recognize the evolving trends and future directions in logistics and supply chain management, including specialization and narrowing of service offerings.

Acknowledge the critical role of continuous improvement and innovation in maintaining successful 3PL relationships.