A Decentralized Organization Is More Likely to Result in a Feeling

question 86

True/False

A decentralized organization is more likely to result in a feeling of alienation by employees than a centralized organization.

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Definitions:

Many Firms

A situation in a market where numerous firms compete against each other to sell their products or services.

Perfect Competition

A market structure characterized by a large number of buyers and sellers, homogeneous products, and easy entry and exit, leading to price-taking behavior.

Most Efficient Output

The level of production at which a firm or economy can produce goods at the lowest average cost, maximizing the use of resources.

ATC Curve

The Average Total Cost Curve, which represents the average cost per unit of output over various levels of production, illustrating how costs change with output levels.