Which of the Following Is an Element in the 'Transaction

question 30

Multiple Choice

Which of the following is an element in the 'transaction cost approach'? 

• A) Arriving at the lowest cost possible for each transaction. 
• B) Provision of unique value to the customer. 
• C) The decision to outsource. 
• D) The evaluation of the suppliers.

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Definitions:

Higher Hierarchy

The upper levels within an organizational structure, typically involving roles with greater authority and responsibility.

Public Sector

The part of the economy that involves government agencies and departments and the provision of public services.

Indirect Pay

Compensation that is not paid directly as cash to employees but includes benefits and services such as health insurance, pensions, and paid time off.

Compensation Consultants

Specialists who advise organizations on their compensation strategies, including pay structures, benefits packages, and compliance with relevant laws and regulations.