A Large Hierarchical Organization That Is Governed by Formal Rules

question 51

Multiple Choice

A large hierarchical organization that is governed by formal rules and has specific job descriptions for employees is referred to as a(n)

• A)pyramid.
• B)institution.
• C)company.
• D)bureaucracy.

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Definitions:

Savings

Money set aside from current income for future use, often to accumulate wealth or for specific future expenditures.

Monetarism

A school of thought that emphasizes the role of governments in controlling the amount of money in circulation to influence the economy.

Proponent

An advocate or supporter of a particular idea, policy, or project.

Monetarism

An economic theory which argues that the management of the economy should be primarily based upon adjustments to the monetary supply, by governmental policies.