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【单选题】
The transaction cost theory states that the organization is a(n):A.
entity that grows larger because it can conduct marketplace transactions internally more cheaply than it can with external firms in the marketplace.
B.
system of formal functions that include planning, organizing, coordinating, deciding, and controlling.
C.
system of management based on the observation of what managers actually doing their jobs.
D.
nexus of contracts among self-interested individuals who must be supervised and managed.
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