If the Price of a Hot Dog Is $2 and the Price

question 115

Multiple Choice

If the price of a hot dog is $2 and the price of a hamburger is $4, then the

• A) relative price of a hot dog is 1/2 of a hamburger per hot dog.
• B) money price of a hot dog is 2 hamburgers per hot dog.
• C) relative price of a hamburger is 1/2 of a hot dog per hamburger.
• D) money price of a hamburger is 2 hot dogs per hamburger.

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Definitions:

Functional Specialization

Functional specialization is the practice of organizing individuals or groups based on the specific functions or roles they perform within an organization.

Project Teams

Groups of individuals working collaboratively towards a common goal, often bringing together diverse skill sets and perspectives.

Matrix Structure

An organizational structure that combines two or more types of structures, typically functional and product-based, to leverage the benefits of both.

Organic Structures

An organizational form that is flexible, adaptive, and decentralized, facilitating responsiveness and creativity.