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Alchian and Demsetz (1972) agreed in general with Coase's (1937) position that using the market involved costs but took some exception to his emphasis on "hierarchy" as the source of a firm's advantage over markets. Which statement(s) is (are) consistent with the position taken by Alchian and Demsetz? a. Authority and hierarchy are not necessarily more efficient or effective than markets in directing resources (one doesn't have to employ his grocer in order to direct him or "fire" him). b. Firms emerge to coordinate cooperative, team-based production that involves the joint use of resources or non-separable processes and hence difficult-to-meter contributions to output. c. Managers coordinate the teams but their own motivation comes from a claim on the residual value created by the efforts of the teams under their direction d. The quality and intensity of the link between managers' rewards and their contribution to residual value are useful basis of characterizing firms (broadly defined) or predicting the intensity of their profit-seeking behavior. e. All of the above are consistent with the Alchian and Demsetz framework.
Find out what the Inherit Properties button on the Hatch and Gradient dialog box does. Explain how it can save you time when you create a complex drawing that has several hatched areas.
what consistency model would be implemented?
Assume that each item contains only a search key.
What type of maintenance plan needs to put into place to support the new infrastructure? What elements are necessary for support? How often are upgrades needed? What unforeseen circumstances need to be considered when planning for long-term mainte..
Design a structure stack that represents a stack of elements of some arbitrary type. Include the functions: create(returns an empty stack), push(add an element to the top of the stack and return the resulting stack)
Write a program to calculate the volume and surface area of a sphere from its radius, given as input. Here are some formulas
What do you think are some of the main things that contribute to slowing disk performance? How might you address these issues?
The Henderson family and the Clark family each used their sprinklers last summer. The water output rate for the Henderson family's sprinkler was 30L per hour. The water output rate for the Clark family's sprinkler was 35L per hour.
The Dimboola Tiddlywinks Association (DTA) has been given the job of managing the draw and results for the 32 regional tiddlywink teams. Each team has a name and a home town. Each match is a competition between two teams and is held at the locati..
Compare and contrast the data communication technologies of guided media and unguided media. This should include transmission media, data link control protocols
Analyze whether abstraction is a necessary concern in a system that uses contract centralization. In other words, are implementation details important if a customer cannot access the system by any means but the service contract?
Finally, the committee will need to propose policies on training and education for earthquake preparedness. Both the organization's employees and the public will need education and training for the earthquake preparedness plan to be truly effectiv..
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