Raymond Ozzie,the Software Designer Who Was Critical in the Development

question 47

Multiple Choice

Raymond Ozzie,the software designer who was critical in the development of Lotus Notes,was able to dictate the terms under which IBM acquired Lotus.This illustrates that he had ________ bargaining power based on the ________ cost required by the firm to replace him.

• A) low; low
• B) low; high
• C) high; low
• D) high; high

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Definitions:

Loan Endorsers

Individuals or entities that support or guarantee the repayment of a loan, thereby assuming the risk if the original borrower fails to repay.

Commercial Banks

Financial institutions that offer services such as accepting deposits, providing business loans, and offering basic investment products.

Credit Market

A financial market where borrowers can obtain funds from investors or lenders through the issuance of different types of debt instruments.

Prime Interest Rate

The interest rate that banks charge their most creditworthy customers, often used as a benchmark for setting rates on various types of loans and credit.