A Manager of a Marketing Department Doesn't Use as Many

question 10

Multiple Choice

A manager of a marketing department doesn't use as many formal rules and gives more power to subordinates at lower levels to create new and innovative ideas.Which type of organization is this?

• A)organic
• B)biological
• C)mechanistic
• D)socio-technical

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Definitions:

Elastic

A term describing the responsiveness of the quantity demanded or supplied of a product when its price changes.

Elasticity

The degree to which the quantity demanded or supplied of a good or service changes in response to a change in price.

Midpoint Method

A technique used in economics to calculate the percentage change in a variable by dividing the change by the average value of the initial and final values.

Twinkies

A popular snack cake in the United States, characterized by its golden sponge cake exterior and creamy filling.