Microeconomics and Organizational Behavior Quiz
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Questions and Answers

What did the field of microeconomics primarily focus on for many years?

  • The economic principles governing consumer behavior
  • The internal processes involved in production
  • The relationship between firms and the outside environment (correct)
  • The organizational behavior and design within firms

    • How were the actual processes involved in production regarded in the field of microeconomics?

  • Not regarded as an issue of economics in itself (correct)
  • Viewed as the main determinant of firm success
  • Treated as issues of organizational behavior
  • Considered as the primary focus of microeconomics

    • What have economists done in recent decades regarding the understanding of activity inside the firm?

  • Applied and developed economic principles to better understand activity inside the firm (correct)
  • Studied only the relationship between firms and the outside environment
  • Ignored the internal activities of firms
  • Focused solely on consumer behavior

    • How were the matters related to organizational behavior and design within firms treated in the past?

    <p>Treated as issues of organizational behavior and organizational design</p> Signup and view all the answers

    What was the traditional assumption about a firm's ability in relation to the costs associated with exchanges with the outside environment?

    <p>A firm was able to measure the costs associated with any pattern of exchanges with the outside environment</p> Signup and view all the answers

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