Action Required: Read Chapter 1 and answer the question Test your Knowledge (Q

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Action Required:
Read Chapter 1 and answer the question
Test your Knowledge (Question):
Question 1
Explain the idea of the transaction-cost theory?
Question 2
Discuss two to three limitations of the hierarchical structure?
Instructions:
1-Answer the given question in your (own word) – No plagiarism, No match, please.

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