Under Which of the Following Situations, a Company Is Most

question 80

Multiple Choice

Under which of the following situations, a company is most likely to experience high levels of environmental richness?

• A) the company uses a matrix organizational structure
• B) the company is not able to obtain sufficient quantity of required raw material due to new government restrictions
• C) the company is highly centralized
• D) the company has a monopoly in its industry

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Definitions:

Scientific Management

An approach to management focused on optimizing efficiency, improving labor productivity, and reducing waste through careful observation and measurement of tasks.

Frederick W. Taylor

An American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.

Economic Concentration

A situation where a small number of firms or businesses control a large portion of market share within an industry.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant social, political, and industrial changes worldwide.