Which of the Following Is One of the 15 Dimensions

question 39

Multiple Choice

Which of the following is one of the 15 dimensions of Weber's bureaucracy?

• A)Qualities required for organization positions are measured through formal credentials.
• B)Rules must be contained in files of written document,and serve as standards for organization action.
• C)Power belongs only to an office,and is not a function of the office holder.
• D)all of these

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Definitions:

Perfectly Competitive Market

A hypothetical market where all participants are price takers, and goods are perfect substitutes, leading to an efficient distribution of resources.

Average Variable Cost

The average amount of variable cost per unit, calculated by dividing total variable costs by the quantity of output.

Profit-Maximizing

The approach taken by an enterprise to ascertain the optimal price and output quantity for the highest profit.

MR = MC

A principle in economics stating that profit maximization occurs when marginal revenue equals marginal cost.