Compared with transactional contracts,relational contracts are:
A) more open-ended and indefinite.
B) more static and narrow.
C) more clearly defined.
D) focused more on financial exchange.
E) none of the above.

Question

Quizplus · Accepted Answer

Relational contracts are characterized by a long-term commitment between parties, with the goal of building trust and mutual benefit. This type of contract is more open-ended and indefinite, allowing for flexibility and adaptations over time as the relationship develops. In contrast, transactional contracts are more focused on specific, immediate exchanges and are often more clearly defined and static in nature.

Compared with Transactional Contracts,relational Contracts Are