Which of the following is NOT a means of avoiding opportunism?
A) Contracts
B) Spot exchange
C) Vertical integration
D) Long-term contracts

Question

Quizplus · Accepted Answer

Spot exchange refers to immediate transactions without any contracts or long-term commitment, making it difficult to avoid opportunism. On the other hand, contracts and long-term contracts provide a binding agreement between parties and help in reducing opportunism. Vertical integration involves complete ownership of the supply chain, which can also reduce opportunism by enabling better control and monitoring of activities.

Which of the Following Is NOT a Means of Avoiding