A Factory Worker in an Electronics Plant Has an Idea

question 137

Multiple Choice

A factory worker in an electronics plant has an idea that can significantly increase factory's productivity, he tells it to his supervisor.His supervisor recognizes the merit of the employee's idea and submits it as a formal report to the plant manager.After giving his contingent approval, the plant manager sends the proposal to the district manager and then to the vice president of operations.After three months, the CEO approves the proposal, and the change is implemented, saving the company $100,000 a month.This electronics company has a ____ structure.

• A) network
• B) line
• C) bureaucratic
• D) cluster
• E) matrix

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Definitions:

Industry Expands

This refers to the growth in the production capacity and output of various sectors in an economy, often due to increased demand or technological advancements.

Long-Run Supply Curve

A graphical representation showing the quantities of a good a firm is willing to supply at different prices over a period when all input levels can be varied.

Increasing-Cost Industry

An industry in which the costs of production increase as the industry expands, typically due to factors such as input limitations or regulation.

Pure Competition

An idealized market structure featuring numerous buyers and sellers, free entry and exit, and completely homogeneous products, resulting in the inability of any single firm to influence the market price.