Which of the Following Statements Is False

question 36

Multiple Choice

Which of the following statements is false?

• A) Long-term supply contracts cannot be entered into anonymously; the buyer and seller know each other's identity. This lack of anonymity may have strategic disadvantages.
• B) A futures contract is an agreement to trade an asset on some future date, at a price that is locked in today.
• C) An alternative to vertical integration or storage is a long-term supply contract.
• D) Long-term supply contracts are unilateral contracts determined by a seller.

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Definitions:

Social Loafing

A phenomenon where individuals exert less effort when working in a group than when working alone.

Collectivism

A cultural value that prioritizes group goals over individual goals and fosters strong ties among group members.

Individualism

A societal theory that champions the cause of individual liberties against the imposition of collective or state authority.

Foot-In-The-Door Effect

A psychological phenomenon where agreeing to a small initial request increases the likelihood of agreeing to a larger request later.