If the Organization's Structure Is Strongly Based on Function

question 20

Multiple Choice

If the organization's structure is strongly based on function:

• A)workers tend to have low authority.
• B)workers tend to work alone at highly specialized jobs.
• C)workers tend to have broad responsibility.
• D)workers tend to serve a particular group of customers or produce a particular product.
• E)"a" and "b" only.

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Definitions:

Free-Trade Theories

Economic theories advocating for the elimination of barriers to the exchange of goods and services between nations, to encourage trade and economic growth.

Mercantilism

A trade theory which suggests that trade generates wealth for a country with a trade surplus, with emphasis on colonization and military conquest.

Interventionist Trade Theory

A theory suggesting that government intervention in international trade through policies and regulations is necessary to correct market failures and protect domestic industries.

Trade Surplus

Occurs when a country's exports exceed its imports, indicating a positive balance of trade.