Over Time, When the Scale and Scope of Informal Transactions

question 56

Multiple Choice

Over time, when the scale and scope of informal transactions ________, the cost per transaction move down and benefits move up.

• A)​Expand
• B)​Contract
• C) ​Are eliminated
• D) ​Increase through opportunism

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Definitions:

Theory X

A management theory assuming employees are inherently lazy and will avoid work if they can, necessitating control and coercion by managers.

Theory Y

A management concept suggesting that employees are inherently motivated to work and will show high levels of creativity and responsibility if given the chance.

Model of Communication

A theoretical framework that describes how information is transmitted and received between communicators.

Type of Organization

Classifications of organizations based on structure, purpose, and objectives, such as nonprofit, for-profit, governmental, and nongovernmental.