Which of the Following Statements Provide an Accurate Description of the Organisational

question 48

Multiple Choice

Which of the following statements provide an accurate description of the organisational life cycle?

• A) In the birth stage of the organisational life cycle, the organisation is relatively small and the structure is quite simple.
• B) In the youth stage of the organisational life cycle, the organisation starts to grow rapidly and management responsibilities extend among more people.
• C) In the midlife stage of the organisational life cycle, the organisation has grown large, with a more complex and increasingly formal structure.
• D) In the maturity stage of the organisational life cycle, the organisation stabilises at a large size, typically with a mechanistic structure.
• E) All of these statements are accurate.

---

Definitions:

Market Output

The total quantity of a good or service produced and offered for sale in a market.

Long-Run Equilibrium

The state in which all inputs and outputs in a market have been adjusted so that there is no tendency for change in economic conditions.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, leading to some degree of market power and price control.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and product differentiation.