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Which of the following is correct with regard to the informal organization?
The informal organization exists in every organization.
All things considered, the informal organization is not a good thing because it often opposes what the formal organization wants to do, and this reduces organizational effectiveness.
The grapevine generally follows the same patterns as formal channels of authority and communication, but it carries different information.
If managers provide clear information to subordinates, this will eliminate the need for the grapevine.
The informal organization cannot be more powerful than the formal organization.
TC Curve
A graphical representation showing the total cost of producing different quantities of a good or service.
TVC Curve
A graphical representation showing the relationship between a firm's total variable costs and its output level.
TFC
stands for Total Fixed Costs, which are the costs that do not vary with the level of production or sales, such as rent or salaries.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced, showing the cost of each unit's share of the fixed expenses.
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