Resource dependence refers to:
A)providing value to all the company's stakeholders;
B)the directors acting to ensure the best interest of the shareholders are being met;
C)corporations providing value by combining the key factors of production in a manner that markets cannot;
D)the directors existing to provide companies with the access to resources that they could not gain through market or management links.

Question

Quizplus · Accepted Answer

Resource dependence is the reliance of organizations on external resources and their providers, which the organization cannot or does not control in order to survive, grow, and achieve its goals. The board of directors exists to provide companies with access to resources that they cannot gain through market or management links, making option D the correct answer. Options A, B, and C do not accurately define resource dependence.

Resource Dependence Refers To