1.Which method is best used for a very large quantity of an input? Vertical Integration Contracts Spot Exchange 2 Which

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1.Which method is best used for a very large quantity of aninput?
Vertical Integration
Contracts
Spot Exchange
2 Which method has the greatest protection against the hold-upproblem?
Vertical Integration
Spot Exchange
Contracts
3 Which of the following is a drawback of using a pay per piece(number of tasks completed) schemes?
Incentives are increased for the worker to do the easiest tasksonly
Lack of motivation to work harder
Shirking and sabotage are more likely
Slower workers and longer production times
4 Which of the following would make it more likely that usingcontracts would be the best method of procurement:
Generic products
Unclear future with a large number of unpredictablevariables
Highly specialized investments on both sides
Low bureaucracy costs
5 John just started a new bar and business has been slow so far.He needs to buy alcohol. What procurement method probably makes themost sense for him?
Spot Exchange
Vertical Integration
Contracts