Which of the Following Terms Implies the Least Degree of Confidence

question 99

Multiple Choice

Which of the following terms implies the least degree of confidence in an economic generalization?

• A) hypothesis
• B) theory
• C) principle
• D) law

Recognize the characteristics and advantages of network design in enhancing communication and coordination.

Differentiate between the types of organizational designs: functional, product, geographic, and network.

Identify the concept of authority and its relevance in organizational structure.

Understand the impact of product organization design on managing information overload and specialization.

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Definitions:

Workers

Individuals engaged in some form of employment or labor, contributing skills and effort in exchange for compensation.

Traditional Boundaries

Refers to the conventional or established limits that define the scope of a particular field, activity, or relationship.

Fast-changing Environment

A context or situation that evolves rapidly, requiring adaptability and quick response from businesses or individuals.

Skill Type

The classification of skills based on their nature or the tasks they are used for, such as technical, soft, or hard skills.