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Suppose that an MBA degree creates no externality because the benefits of an MBA are internalized by the student in the form of higher wages. If there are no government subsidies for MBAs, then which of the following statements is correct?
Contextual Variables
A set of four characteristics that influence the success of an organization’s design.
Organization's Design
The process of structuring an organization's roles, responsibilities, and systems in a way that aligns with its goals and strategies.
Success
Achievement of an action within a specified parameter of time, effort, or both, often measured against preset known standards of completeness, excellence, or other metrics.
Woodward's Classification
A framework developed by Joan Woodward that categorizes firms into groups based on their level of technology and how it impacts organizational structure.
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