In the Context of the Specific Environment of an Organization

question 61

Multiple Choice

In the context of the specific environment of an organization, which of the following is a difference between opportunistic behavior and relationship behavior?

• A) Opportunistic behavior is observed when both buyers and sellers show least reliability on the other, whereas relationship behavior is observed when both buyers and sellers believe in creating short-term client relationships.
• B) A low degree of buyer or seller dependence can lead to opportunistic behavior, whereas a high degree of buyer or seller dependence can lead to relationship behavior.
• C) In opportunistic behavior, either the buyer or the seller benefits at the expense of the other, whereas in relationship behavior, both the buyer and the seller mutually benefit.
• D) Opportunistic behavior leads to compromises that both the supplier and the buyer agree upon, whereas relationship behavior leads to development of new business relationships when existing ones fail to work.

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Definitions:

Diversity Management

Places a much heavier emphasis on recognizing and appreciating differences among people at work and attempting to provide accommodations for those differences to the extent that is feasible and possible.

Conscious Capitalism

A business philosophy that emphasizes the importance of serving the interests of all major stakeholders in a company, not just shareholders.

Organizational Architecture

Describes the structure and design of an organization, including its division of labor, hierarchies, systems, procedures, and relationships that enable it to function and meet its objectives.

Social Entrepreneurship

The practice of applying business principles and strategies to develop, fund, and implement solutions to social, cultural, or environmental issues.