Long-Term Contracts

question 144

Multiple Choice

Long-term contracts:

• A) increase transaction costs and increase opportunism.
• B) increase transaction costs.
• C) can reduce opportunistic behavior.
• D) reduce transaction costs and increase flexibility.

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Definitions:

Rapport Talk

The language of conversation and a way of establishing connections and negotiating relationships; more characteristic of females than of males.

Self-Schema

A cognitive framework comprising beliefs and ideas about oneself that guides processing of self-relevant information.

False Self

A psychological concept referring to a version of oneself that conforms to others' expectations, often at the cost of suppressing one's true self.

Moral Reasoning

The process through which an individual makes ethical decisions, considering right from wrong.