Multiple Choice
Without contracts, what type of transactions would occur?
A) forward purchases.
B) lateral purchases.
C) spot transactions.
D) side bars.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Firms can be governed like democracies are
Q20: The structure of a firm can fail
Q21: Managers can often been seen as solving
Q22: Firms exist because of<br>A)incomplete contracts.<br>B)team production.<br>C)the incentive
Q23: A narrowly diversified firm has wide economies
Q25: The Prime Directive says look to<br>A)the market.<br>B)the
Q26: Firms exist because of the low cost
Q27: Firms would not exist if<br>A)contracts were incomplete.<br>B)residual
Q28: Firms cannot resemble<br>A)incomplete contracts.<br>B)democracies.<br>C)an organization without externalities.<br>D)a
Q29: Assume that deciding to do internally something