Organizational ________ Is the Process by Which Managers Create an Organizational

question 101

Multiple Choice

Organizational ________ is the process by which managers create an organizational structure and culture that helps a company operate in the most efficient and effective way.

• A)strategy
• B)policy
• C)design
• D)tactics

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Definitions:

Profit

The financial gain made in a transaction or operation, calculated as total revenues minus total costs.

Production Function

A mathematical relationship expressing the amount of output generated from different amounts of inputs.

Profit

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Commodity

A fundamental merchandise in commerce that can be swapped with other merchandise of a similar nature.