What Is the Advantage of an Organizational Structure That Is

question 25

Multiple Choice

What is the advantage of an organizational structure that is unstructured and informal?

• A) Decisions can be made by consensus.
• B) There is less effect on the organization in a rapidly changing market.
• C) Managers do not become overwhelmed with decision making.
• D) It can become a more complex structure quickly and efficiently.
• E) The structure is more adaptable to the environment.

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Definitions:

Demand Function

A mathematical equation representing the relationship between the quantity demanded of a good and factors affecting its demand, such as price.

Inverse Demand

A representation of demand that expresses price as a function of quantity demanded, contrary to the typical demand function.

Inverse Supply

A concept in economics that describes a situation in which the supply of a good decreases as its price decreases, opposite to the normal supply behavior.

Tax

Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.