Frederic Works in an Organization Where a Large Amount of Collaboration

question 103

Multiple Choice

Frederic works in an organization where a large amount of collaboration occurs and decision- making authority is decentralized. There are few rules, and duties are adaptable. This is an example of which of the following?

• A)mechanistic organization
• B)bureaucracy
• C)organic organization
• D)strategic organization

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Definitions:

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.

Welfare Economics

The study of how the allocation of resources affects economic well-being.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.

Consumer Surplus

The rift between the financial input consumers are willing to make for acquiring a good or service and the actual amount they spend.