Long-Term Contracts Are NOT Efficient If

question 45

Multiple Choice

Long-term contracts are NOT efficient if:

• A) a firm engages in relationship-specific exchange.
• B) specialized investments are unimportant.
• C) the contractual environment is simple.
• D) managers shirk.

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Definitions:

DNA

DNA, a molecule responsible for carrying the genetic blueprints essential for the growth, development, operational processes, and reproductive functions in all recognized living beings and several viruses.

Molecule

The smallest unit of a chemical compound that can exist; composed of two or more atoms bonded together.

Genome

The complete set of genes or genetic material present in a cell or organism.

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Research studies that compare adopted children to their adoptive families and biological families to understand the influence of genetic versus environmental factors on human development.