Which Formal Organisational Network Rigidly Follows the Chain of Command

question 5

Multiple Choice

Which formal organisational network rigidly follows the chain of command?

• A)chain
• B)wheel
• C)all-channel
• D)circle

---

Definitions:

Expected Payoff

The anticipated return or outcome of an investment, decision, or action, considering all possible results weighted by their probabilities.

Expected Opportunity Loss

The anticipated loss in value for choosing an option that is not the best, quantified as the difference between the best expected outcome and the expected outcome of the chosen option.

Expected Monetary Value

The weighted average of all possible outcomes of a decision, where each outcome is weighted by its probability of occurrence.

Perfect Information

A theoretical situation in which all participants have access to all relevant information to make a decision.