04_AdditionalStudyQuestions

04_AdditionalStudyQuestions - ACC 333 (Farrell) Class 04...

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ACC 333 (Farrell) Class 04 Fall 2011 Page 1 of 2 Additional Study Questions The Role of Knowledge in Organizational Architecture 1. Explain the concepts of general knowledge and specific knowledge. Discuss how and why general and specific knowledge affect the optimal allocation of decision rights. 2. What is a decision right? What is alienability? How does alienability of decision rights influence their allocation in a market economy? 3. Why do firms exist? 4. What are the implications of the lack of alienability inside organizations for organization structure and policies?
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ACC 333 (Farrell) Class 04 Fall 2011 Page 2 of 2 Suggested Solutions - Additional Study Questions The Role of Knowledge in Organizational Architecture 1. Specific knowledge is knowledge that is costly to transfer; general knowledge is not costly to transfer. There are three types of specific knowledge – idiosyncratic (particular circumstances of time and place), scientific general rules of cause and effect relations), and assembled (over time and/or across experiences). In general, society benefits the most if decision rights over a given resource are held by individuals with the
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This note was uploaded on 03/19/2012 for the course ACCACC 333 taught by Professor Anne during the Fall '11 term at Miami University.

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04_AdditionalStudyQuestions - ACC 333 (Farrell) Class 04...

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