Organizational Networks Are Generally Composed Of

question 74

Multiple Choice

Organizational networks are generally composed of:

• A)Friends and professional contacts
• B)Individuals connected via online facilities such as Facebook.
• C)Mainly small and closely interdependent, specialized firms that cooperate to design and produce products, often under the aegis of a much larger central coordinator firm.
• D)Organizations connected through professional associations

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real gross domestic product (GDP).

Production Possibilities Frontier (PPF)

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Technology Available

Refers to the tools, devices, systems, and solutions that are currently accessible and can be used to resolve problems, improve efficiency, or enhance quality of life.

Labor Productivity

The measurement of economic output created per unit of labor input.