The Increased Availability of Automatic Teller Machines Has Decreased the Shoe-Leather

question 42

True/False

The increased availability of automatic teller machines has decreased the shoe-leather costs of high inflation.

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Definitions:

Bureaucratic Culture

An organizational culture characterized by formal procedures, hierarchical structure, and a clear division of labor, emphasizing control and authority.

Standardization

The process of making something conform to a standard in order to ensure consistency and compatibility.

Clan Culture

A type of organizational culture that emphasizes family-like relationships, where loyalty, tradition, and values are cherished.

Formality

The degree of adherence to established conventions, rules, or ceremonial procedures.