Feasible foresight means that parties to a contract have the capacity to:
A) think about the potential future conduct of the other party and integrate those insights into the ex-ante design of governance
B) generate a list of feasible and unfeasible futures
C) use strategic models to gain foresight about the future conduct of the other party
D) generate governance models that work for both parties
Correct Answer:
Verified
Q7: The 'father' of TCE is:
A) Karl Marx
B)
Q8: TCE postulates that human actors are characterized
Q9: What is TCE's key question?
A) whether transactions
Q10: Bounded rationality means:
A) we never have perfect
Q11: Opportunism means:
A) breaching the spirit of a
Q13: In TCE uncertainty means:
A) being lost in
Q14: Problems in evaluating performance according to the
Q15: In TCE, asset specificity means:
A) the degree
Q16: What is Lionel Messi's asset specificity?
A) his
Q17: Transaction frequency refers to _.
A) the rate
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