The Process of Creating,selecting,or Changing the Structure of an Organization

question 101

Multiple Choice

The process of creating,selecting,or changing the structure of an organization is referred to as:

• A)formalization
• B)organization design
• C)specialization
• D)spans of control
• E)restructuring

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Definitions:

Unit Price

The cost per unit of a product or service.

Constant Cost

An economic scenario where the cost of producing an additional unit of a good or service remains unchanged, regardless of the scale of production.

Equilibrium Quantity

The quantity of goods supplied is equal to the quantity demanded at a given price level.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, resulting in no surplus or shortage in the market.