Which of the Following Is True About Transaction Cost Economics

question 25

Multiple Choice

Which of the following is true about transaction cost economics?

• A) It is a theory that contends that an organization can, at least in part, create an environment for itself that is beneficial to the organization.
• B) It is a theory that contends that organizations are very limited in their ability to adapt to the conditions around them.
• C) It is a theory that examines the extent to which firms copy each other's strategies.
• D) It is a theory that centers on whether it is cheaper for a firm to make or to buy the products that it needs.
• E) It is a theory that contends that the possession of strategic resources can provide an organization with competitive advantages over its rivals.

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Definitions:

Title VII

A segment from the 1964 Civil Rights Act banning job discrimination on the grounds of race, complexion, faith, gender, or nationality.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that makes submission a condition of employment or a factor in employment decisions or that creates an intimidating, hostile, or offensive work environment. The two types are hostile environment and quid pro quo.

Nonemployee

A nonemployee is an individual who performs work for a company or organization but is not classified as an employee, often without the same rights, benefits, or obligations.

Title VII

Title VII is a section of the Civil Rights Act of 1964 in the United States that prohibits employment discrimination based on race, color, religion, sex, or national origin.