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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+R333,07
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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+
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+
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?
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
, 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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