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Tutorial 1
TCT (T/F-QUESTIONS)
1. In transaction cost theory, a governance structure is any combination of governance
mechanisms
→ True / False
2. A student states that a transaction in which a buyer, a supplier, and a real estate agent
are involved is a typical example of classical/market contracting. This statement is
→ True / False
3. A low level of asset specificity equals a high level of alternative use
→ True / False
4. Transaction costs theory is part of organizational economics. The basic question that
transaction cost theory tries to answer is: why do some organizations outperform
others?
→ True / False
5. A governance structure has the following two characteristics: intense contractual
guarantees are used, and intense administrative controls are in place. These are
characteristics of the market governance structure.
→ True / False
RDT (T/F-questions)
1. Resource dependency theory is an intra-organisational theory
→ True / False
2. In resource dependency theory, an organization is the interlocking of social actors
→ True / False
3. In Resource dependency theory, organizations can implement a number of options to
minimize environmental dependencies. Typical examples of these options are vertical
integration and political action
→ True / False
4. In Resource dependency theory, there is no objective environment. It is an experienced
environment.
→ True / False
TCT (MCQ)
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