Which Term Refers to Making Informal or Formal Appeals to Organisational

question 71

Multiple Choice

Which term refers to making informal or formal appeals to organisational superiors for intervention?

• A) Downward appeal
• B) Upward appeal
• C) Inspirational appeal
• D) Managerial appeal
• E) Coalition formation

Recognize the significance and utility of organization charts.

Understand the concept and benefits of departmentalization.

Describe the impact of organizational structure on decision making and flexibility.

Recognize the challenges associated with different organizational structures.

---

Definitions:

Monopoly

A market structure characterized by a single seller or producer supplying a unique product or service, with no close substitutes, giving them significant control over the market price.

Usury Law

Regulations governing the maximum interest rates that can be charged on loans, aimed at preventing lending practices deemed exploitative.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are traded in a competitive marketplace.

Shortage

A situation where the demand for a product or service exceeds the supply available at a specified price.