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What are the effects of an increase in the interest rate on the choice of consumption over time?
Formalization
The degree to which rules and procedures are standardized in an organization.
Rules And Procedures
Guidelines and systematic steps established for consistent and orderly conduct or action.
Standardized
The process or practice of making elements uniform or consistent by following a defined set of criteria or standards.
Organic Model
A less formalized structure based on decentralization and cross-functional teams.
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