Specialized Investments

question 58

Multiple Choice

Specialized investments:

• A) result in relationship-specific exchange.
• B) make spot exchange efficient.
• C) cause managers to shirk.
• D) are equally valuable in any productive use.

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Definitions:

Participative Leadership

A leadership style where the leader involves team members in the decision-making process, fostering collaboration and team engagement.

Ethical Climates

The collective moral atmosphere of an organization, shaped by policies, practices, and leaders, which influences ethical decision-making and behaviors.

Normative Theories

Theories that prescribe how things should or ought to be, often based on norms or standards.

Ethics

A set of moral principles or values governing individual behavior, signifying what is right and wrong.