Which of the following is a form of cheating or undersupply relative to an implicit or explicit contract which usually takes place when buyers cannot easily monitor supplier performance?
A) Institutional sale
B) Business buying
C) Opportunism
D) Vertical integration
E) Contractual transactionism

Question

Quizplus · Accepted Answer

Opportunism refers to a form of cheating or undersupply that occurs when one party takes advantage of a situation to gain benefits that go beyond the terms of the implicit or explicit contract. This usually happens when buyers are not able to easily monitor supplier performance, and hence, the supplier may take advantage of the situation to cheat or undersupply goods or services. Options A, B, D, and E do not accurately describe this scenario.

Which of the Following Is a Form of Cheating or Undersupply