The Problem with the Strategy of Achieving Credibility Through Reputation

question 70

Multiple Choice

The problem with the strategy of achieving credibility through reputation is that

• A)reputations are rarely credible.
• B)reputations lack any commitment.
• C)serious costs may be incurred during the period in which reputation is established.
• D)rules always have a lower cost than reputations in maintaining credibility.

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Definitions:

Economic Gains

The increase in wealth or resources, often measured in terms of profit, earnings, or improvement in living standards.

Prejudice

An attitude that prejudges people, usually in a negative way.

Discrimination

An act that treats people unequally or unfairly.

Marriage Expert

A professional with specialized knowledge and expertise in the dynamics, challenges, and maintenance of marital relationships.