A Mechanistic Organization Is Characterized By

question 67

Multiple Choice

A mechanistic organization is characterized by:

• A)Centralization, well-identified roles, and vertical communication
• B)Vertical communication, centralization, and monetary-oriented reward systems
• C)Inter-departmental competition, centralization, and horizontal communication
• D)Well-identified roles, inter-departmental competition, and centralization

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Definitions:

Marginal Rate Of Technical Substitution

The rate at which one input can be substituted for another input while keeping the level of output constant.

Marginal Rate Of Substitution

The rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility.

North American Free Trade Agreement

A trade agreement among the United States, Canada, and Mexico to reduce trade barriers and promote economic exchange.

Efficient Equilibrium

A state of balance in a market where resources are allocated in the most efficient way possible, with no room for welfare improvement without making someone else worse off.