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ARE 112 EXAM 1 2024 LATEST UPDATE MOST TESTED QUESTIONS CERTIFIED STUDY GUIDE/EXAM PRACTICE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS [GET IT RIGHT/CORRECT] GRADE A+ $17.99
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ARE 112 EXAM 1 2024 LATEST UPDATE MOST TESTED QUESTIONS CERTIFIED STUDY GUIDE/EXAM PRACTICE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS [GET IT RIGHT/CORRECT] GRADE A+

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ARE 112 EXAM 1 2024 LATEST UPDATE MOST TESTED QUESTIONS CERTIFIED STUDY GUIDE/EXAM PRACTICE COMPREHENSIVE QUESTIONS AND VERIFIED CORRECT ANSWERS [GET IT RIGHT/CORRECT] GRADE A+

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  • June 14, 2024
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  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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ARE 112 EXAM 1 2024 LATEST UPDATE
MOST TESTED QUESTIONS CERTIFIED STUDY
GUIDE/EXAM PRACTICE COMPREHENSIVE
QUESTIONS AND VERIFIED CORRECT ANSWERS
[GET IT RIGHT/CORRECT] GRADE A+



Strategy - (correct answer) what is our business and
how do we compete?


- (correct answer)


External environment - (correct answer) buy side:
predictable/ sell side: uncertain


- (correct answer)


Structure - (correct answer) formal and informal
system of tasks and reporting relationships that control
and coordinate employees

,systems - (correct answer) policies that complement
structure; human resources for example


culture - (correct answer) core value, norms that
guide the organization and direct it
why organizations exist? - (correct answer) to achieve
goal or set of goals


organizations try to ____ goals - (correct answer)
optimize or satisfy


10 innovations since WWII - (correct answer) Lesson:
all come from organizations


4 steps to organization - (correct answer) 1. acquire
people and resources 2. organize and harness ingenuity
of people 3. respond to social, commercial environment
4. produce and distribute goods and services


BSS, PCS, TS - (correct answer) buy side, strategy, sell
side, people, culture, structures, tasks, systems

, external fit - (correct answer) how well organization
responds to environment


internal fit - (correct answer) how well the
components of the organization are; how well the
organization uses its resources


oliver williamson interview - (correct answer)


transactions costs - (correct answer) cost of doing
things; should minimize transaction costs


cost of uncertainty - (correct answer) insurance,
putting multiple people on a job to reduce risks.
Reducing uncertainty reduces transaction costs


bounded rationality - (correct answer) Bounded
rationality is the idea that when individuals make
decisions, their rationality is limited by the information

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