Which of the Following Statements About the Typical Organizational Form

question 43

Multiple Choice

Which of the following statements about the typical organizational form of businesses owned by Overseas Chinese is false?

• A) The complex structure works well for Overseas Chinese businesses due to the nature of the decisions that are required.
• B) The head of the organization is typically the family patriarch who sits at the center of the organization.
• C) Some organizations owned by Overseas Chinese are quite large, in contrast to entrepreneurial organizations.
• D) Individuals in the organization typically look for direction from the organization's head.

---

Definitions:

Marginal Product

The additional output resulting from using one more unit of a particular input, holding other inputs constant.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Total Output

The total quantity of goods and services produced in an economy over a specific period of time.

Total Cost

The sum of fixed and variable costs incurred by a business in the production of goods or services.