In a Market System,the Distribution of Income Is Determined by the Ownership

question 13

True/False

In a market system,the distribution of income is determined by the ownership of resources.

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Definitions:

Product Structure

The organization of a company’s product lines or portfolio, detailing how products are interrelated or grouped.

Functional Structure

an organizational configuration that groups together employees based on their specific functions or roles within the company.

Divisional Structural Form

An organizational structure where operations are divided into autonomous divisions based on product, service, market, or geographic location.

Matrix Structure

An organizational structure that combines two or more types of departmentalization, often product and functional, giving rise to a complex grid of interdepartmental relationships.