Generate contracting costs

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Reference no: EM131172368

One of the benefits associated with employee buy-in is that: A. there are stronger incentives on the part of the employees to implement decisions recommended by themselves. B. greater use can be made of specific dispersed knowledge. C. employees do not have to take accountability for a decision. D. upper-level management can enforce their decisions unilaterally.

Precontractual informational asymmetries that generate contracting costs can lead to A. bargaining failures and adverse selection. B. implicit contracts and reputational concerns. C. explicit contracts and credibility issues. D. perquisite taking and differential risk exposure.

Reference no: EM131172368

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