Transaction costs are _____ .

a. the costs associated with making, reaching and enforcing agreements.
b. the costs associated with making a transaction that is required by the government.
c. the costs associated with exchanges in the service area.
d. not true costs since they are often not paid.


the costs associated with making, reaching and enforcing agreements

Business

You might also like to view...

Identify the source of conflict when the perception of who owns a particular sector differs from channel participants

A) goal divergence B) domain dissensus C) differing perceptions of reality D) misuse of power

Business

Procedural languages allow developers to ____.

A. write queries B. manipulate databases C. create tables D. perform decision-making logic

Business

The buyer's incidental damages resulting from the seller's breach include:

a. expenses reasonably incurred in inspection of rightfully rejected goods. b. any commercially reasonable charges or commissions in connection with obtaining cover. c. any reasonable expenses connected to the delay. d. All of these. e. None of these.

Business

Section 301 of the Trade Act of 1974 is the principal U.S. statute addressing unfair foreign practices affecting U.S. exports of goods or services

a. True b. False Indicate whether the statement is true or false

Business