Organizational Economics

Organizational economics examines transactions, management decisions, policies, structure, and plans to achieve objectives. It includes subfields like agency theory, transaction cost economies, and property rights theory. The goal is to analyze what an organization does and doesn't do, assessing its impact on effectiveness.

Which of the following is NOT a component of organizational economics?

• Policies

• Employee satisfaction

• Management decisions

• Transactions

Which theory is NOT a subfield of organizational economics?

• Agency theory

• Transaction cost economies

• Behavioral economics

• Property rights theory

What is the main focus of agency theory within organizational economics?

• Understanding the relationship between principals and agents

• Analyzing management decisions

• Reducing transaction costs

• Evaluating property rights

What is the primary goal of engaging in organizational economics?

• To increase employee productivity

• To analyze organizational actions and their effectiveness

• To improve customer satisfaction

• To develop new management policies

Which aspect is NOT analyzed in organizational economics?

• The personal goals of employees

• The overall effect on organizational effectiveness

• What an organization is not doing

• What an organization is doing