Cost minimization and opportunity maximization are the primary goals of a cooperative strategy. Yes, firms can use both to be achieved simultaneously.
Cost-minimization technique:- the firm develops formal contracts with its partners. Those contracts specify how the cooperative method is to be monitored and how associate conduct is controlled. The aim of this method is to reduce the cooperative method’s cost and to save you opportunistic behavior by way of partners.
The opportunity-maximization technique:- focuses on a partnership’s value-advent opportunities. In this case, companions are prepared to take advantage of unexpected opportunities to analyze from every other and to explore extra marketplace place opportunities. Much less formal contracts, with fewer constraints on partners’ behaviors, make it viable for partners to discover how their assets and capabilities may be shared in a couple of value-creating ways.
Both be done simultaneously:- firms can effectively use both approaches to manage cooperative techniques. But, the fees to display the cooperative approach are extra with price minimization, in that writing certain contracts and the use of sizable tracking mechanisms is high-priced, even though the approach is meant to reduce alliance costs.
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Answer:
Enabling environments encourage babies and young children to play because they feel relaxed, comfortable and 'at home' in them. When children feel emotionally safe and secure they are able to explore and find out about the place they are in and the things they can see, touch, manoeuvre or manipulate.
Answer:
D. open outcry
Explanation:
At a trading floor, a trader is the person who sell or buy securities such as equity, commodities, fixed income, or foreign exchange on behalf of their employer. During this trading, traders verbally submit their offers and this type of trading is called open outcry.
Open outcry can be defined as a means of communication on a trading floor. Traders shout and use hand signals to tell their partners to buy or sell the stock.
Hence, the correct answer is "D. open outcry"
Answer:
Jim, who is prejudiced against Jewish people, is likely to attribute a Jewish person’s stereotype-inconsistent actions, such as an act of philanthropy, to <u>seasonal causes</u>. In contrast, Jim is likely to attribute a Jewish person’s stereotype-consistent actions, such as self-interested behavior, to <u>dispositional causes.</u>.\
Explanation:
Dispositional attribution: It is based on a person's personality or characteristics. Internal characcteristics (personality traits) cause people to act the way they do
For example: I wrote a bad essay because I decided not to study
Situational Attribution: It is based on a person's situation or environment. External environment (Teacher, President , Police officer) cause the people to act the way they do
For example: I wrote a bad essay because I didn't get the prompt.
Hence, Jim, who is prejudiced against Jewish people, is likely to attribute a Jewish person’s stereotype-inconsistent actions, such as an act of philanthropy, to <u>seasonal causes</u>. In contrast, Jim is likely to attribute a Jewish person’s stereotype-consistent actions, such as self-interested behavior, to <u>dispositional causes.</u>.\
