A Positive Side of Long-Term Contracts Is

question 145

Multiple Choice

A positive side of long-term contracts is

• A)low transaction costs.
• B)a loss of flexibility.
• C)the continual need to re-negotiate the contract.
• D)none of the statements associated with this question are correct.

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Definitions:

Management Function

Involves the planning, organizing, leading, and controlling of an organization's resources to achieve its objectives effectively and efficiently.

Motivating

The process of stimulating people to actions that achieve goals and improve performance.

Entrepreneur

An individual who initiates, manages, and assumes the risk of a business venture in pursuit of profit and innovation.

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