Specific Assets Can Create Problems for a Company

question 39

Multiple Choice

Specific assets can create problems for a company.If a supplier invests in new machinery to deliver a part useful only to its biggest and best customer,it can find itself with:

• A)a low cost delivery output.
• B)a holdup problem.
• C)significant externalities.
• D)an outsourcing dilemma.

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Definitions:

Reward or Punishment

Reward or Punishment encompasses the methods used in behavioral psychology to encourage or discourage certain actions or behaviors through the application of positive or negative consequences.

Behavioral Learning

The process through which individuals learn behaviors by observing and responding to their environment, often reinforced by consequences.

Internal Events

Refers to occurrences or activities that take place within an organization or a system, affecting its operations and decision-making processes.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed.