The Idea That an Organization's Hierarchy Should Be Designed with as Few

question 97

Multiple Choice

The idea that an organization's hierarchy should be designed with as few levels of authority as are necessary to use the organization's resources in an efficient and effective manner falls under which of the following principles?

• A)integration
• B)allocation
• C)minimum chain of command
• D)consolidation of command

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information, leading to firms being price takers.

Characteristics

Distinctive qualities or attributes that help to define and distinguish a person, object, or phenomenon.

Market Structures

Differentiated classifications of markets based on the number of firms in the market, the nature of competition, and the degree of market power held by each.

Differentiated

The process or strategy of making a product appear distinct from similar products offered by competitors in the market.