Samantha Works for an Organization That Is Hierarchical and Has

question 7

Multiple Choice

Samantha works for an organization that is hierarchical and has a division of labor, written rules, communications and records, one in which the administration treats workers impersonally. Based on these characteristics, we can conclude that Samantha works for a(n) ________.

• A) nonprofit organization
• B) voluntary association
• C) bureaucracy
• D) oligarchy

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Definitions:

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Comparative Advantage

The capacity of a nation or company to manufacture a specific good or service with a lower opportunity cost compared to its rivals.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors with the same resources.

Production

Any good or service for which people are willing to pay.