A Bureaucratic Structure Is an Organizational Form That Exhibits Many

question 37

Multiple Choice

A bureaucratic structure is an organizational form that exhibits many of the elements of the _______ organization.

• A)simple
• B)global
• C)adaptive
• D)organic
• E)mechanistic

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Definitions:

Expected Income

The income an individual or business anticipates to receive over a certain period.

Utility Maximizer

An individual or agent who seeks to obtain the maximum possible satisfaction or utility from their consumption of goods and services.

Probability

The likelihood of a specific event or outcome occurring.

Fair Insurance Policy

An insurance policy characterized by equitable premiums, coverage, and terms that are just and reasonable for both the insurer and the insured.