Transaction Cost Theory Quizzes, Questions & Answers

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Exploring Transaction Cost Economics: A Deep Dive into Williamson's Theory

Exploring Transaction Cost Economics: A Deep Dive Into Williamson's Theory

Explore the intricacies of Williamson's Transaction Cost Theory (TCT) framework through this focused study module. Delve into economic and business strategies, understanding how organizations handle transaction costs effectively....

Questions: 6 | Attempts: 10 | Last updated: Aug 4, 2025

Sample Question 1
Define opportunism.

"Self-interest seeking with guile". Der er ex ante og ex post opportunism.

Altruistic behavior without any personal gain.

Random or haphazard decision making.

Blindly following others without understanding the consequences.

Sample Question 2
What are ex ante transaction costs?

Trans.omkostninger ved forhandling og udformning af kontrakt inkl. brug af safeguards, screening osv.

Fees paid to third-party intermediaries

Costs incurred after a transaction is completed

Costs associated with market fluctuations

Sample Question 3
Hvad er ex post transaktionsomkostninger?

Omkostninger ved transport af varer efter en transaktion er gennemført.

Gebyrer for at annullere en transaktion efter afslutningen.

Omkostninger ved at drive den valgte governance struktur, opbygning af en relation, osv

Samlede omkostninger ved en transaktion før den er gennemført.