In practice, the cost-minimization strategy can be more expensive than the opportunity-maximization strategy.Which of the following is a way in which the cost-minimization strategy is LESS expensive than the opportunity-maximization strategy?
A) Loss of unexpected opportunities
B) Cost of extensive monitoring mechanisms
C) Costs of writing detailed contracts
D) Prevention of opportunistic behavior by the partner(s)

Question

Quizplus · Accepted Answer

The cost-minimization strategy can be less expensive in terms of preventing opportunistic behavior by partners, as it focuses on minimizing risks and ensuring compliance, potentially reducing costs associated with opportunism.

In Practice, the Cost-Minimization Strategy Can Be More Expensive Than