Offshore Oil Exploration Partners (OOEP) Has Entered into a Cooperative

Multiple Choice

Offshore Oil Exploration Partners (OOEP) has entered into a cooperative strategy with Malay Petroleum.The resulting documents are long, formal, and detailed.They specify detailed responsibilities of each partner and include methods of monitoring accounting and technical procedures.OOEP and Malay Petroleum are using the __________ management approach.

A) cost-minimization
B) trust but verify
C) opportunity-maximization
D) pragmatic realism