A Firm Chooses the Institution to Purchase Inputs

question 110

Multiple Choice

A firm chooses the institution to purchase inputs:

• A) which minimizes the transactions costs of obtaining inputs.
• B) in order to create more divisions.
• C) which minimizes worker shirking.
• D) to implement profit sharing.

---

Definitions:

Interrelationships

The way in which two or more concepts, objects, or people are connected, related, or interconnected.

Free-Choice Question

A type of question that allows the respondent to answer in an open-ended format, providing personal insights or opinions without being restricted to predefined options.

Erasmus

Desiderius Erasmus of Rotterdam, a 15th-16th-century Dutch Renaissance humanist, Catholic priest, social critic, teacher, and theologian known for his works on theology, education, and for advocating for religious tolerance.

In Praise of Folly

A satirical essay written by Desiderius Erasmus, critiquing aspects of his society with humor and ironic wit.