Figure 6-1 Shows the Circular Flow Model Where Only Consumption

question 95

Multiple Choice

Figure 6-1 shows the circular flow model where only consumption goods are being produced. Use the figure to answer questions .
Figure 6-1
-Refer to Figure 6-1. The arrow marked "D" represents the flow of:

• A) factors of production.
• B) factor incomes.
• C) personal consumption expenditures.
• D) consumer goods and services.

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Definitions:

Mechanistic Organization

A highly structured and efficient organization form, characterized by rigid hierarchies, clear roles, and centralized decision-making.

Status Quo

The current status or circumstances, typically used to denote a scenario that has not altered.

Organization Design

The process of shaping an organization's structure and roles to align with its strategy, goals, and culture to enhance efficiency and effectiveness.

Organizational Resistance

Refers to the pushback or opposition by employees or stakeholders within an organization against changes or new policies introduced by management.