A Negative Side of Long-Term Contracts Is

question 68

Multiple Choice

A negative side of long-term contracts is:

• A) high transaction costs.
• B) a loss of flexibility.
• C) the continual need to renegotiate the contract.
• D) None of the statements is correct.

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Definitions:

Informal Structure

The network of personal and social relationships that naturally forms within an organization, operating alongside the formal structure.

Focus

The concentration and attention on a specific task or objective, minimizing distractions to achieve a set goal.

Conflict Resolution

A way of resolving disputes or disagreements between parties using peaceful and constructive problem-solving techniques.

Group Process

The dynamics and interactions that occur within a group as it works towards achieving its objectives.