Which of the Following Terms Describes a Contract Based on Information

question 18

Multiple Choice

Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?

• A)Explicit incentive contract
• B)Implicit incentive contract
• C)Risk sharing contract
• D)Compensation contract
• E)Pay-for-performance

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Definitions:

Information Technology

The use of computers and software to manage information, often abbreviated as IT.

Organizational Design

The process of shaping an organization's structure and roles to align with business objectives and strategy, facilitating efficiency and effectiveness.

Politics Of The Firm

Describes the internal dynamics, power struggles, and alliances within an organization that influence its decisions and functioning.

Technology Type

A categorization of technology based on its functionality, application, or the innovation it represents within a particular field.