The Aspects of Organizational Functioning That Are Affected by Organizational

question 17

Multiple Choice

The aspects of organizational functioning that are affected by organizational change

• A)include organizational culture and strategies.
• B)include response to opportunities but not threats.
• C)exclude the human resource management system.
• D)exclude communication, motivation, and leadership.

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Definitions:

Marginal Cost

The financial outlay involved in the manufacture of one more unit of a product or service.

Monopoly Power

The capacity of a firm to control market prices and exclude competition, often by being the sole provider of a product or service.

Barriers to Entry

Barriers that make it difficult for new entrants to join a market or business sector.

Average Total Cost Curve

Depicts the per-unit total cost of production (fixed cost plus variable cost) divided by the quantity of output produced.