This is a questiona and answer assignment. The answers are to be answered thoroughly. The answers to the questions must be referenced from the corresponding chapters. I have uploaded chapters 1 and 2 on the files which is where the answers need to come from and no where else. Please do not site anything from the chapters but simply look at what the chapter says and then use that to answer the question thoroughly. Each answer will need to be 5-6 sentences and the answer will need to completely be from the chapter without being sourced. Again the answer you get from the chapter can be a reference that does not require a citation and is in your own words. The chapters and their questions are below with the correspondong chapters attached as word documents.
Chapter 1
Define organizational architecture.
Define Economic Darwinism and discuss its implications related to the bench marking of business practices.
Discuss how economics can be used to help managers solve organizational problems and structure more effective organizational structures.
Discuss how the concept of “Economic Darwinism” has implications related to the benchmarking of business practices.
Chapter 2
Describe the economic model of behavior.
Define marginal analysis.
Define and apply the concept of opportunity cost.
Contrast the implications of the economic model with those from other behavioral models used by some managers.
Identify the key concepts that are used to mitigate risk when making decisions under uncertainty.
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