Table 7-7 The Following Table Represents the Costs of Five Possible Sellers

question 269

Multiple Choice

Table 7-7
The following table represents the costs of five possible sellers.

-Refer to Table 7-7.If the market price is $900,the combined total cost of all participating sellers is

• A) $3,700.
• B) $2,700.
• C) $2,250.
• D) $1,250.

---

Definitions:

Vertical Specialization

Vertical specialization refers to the degree to which tasks within an organization are subdivided into separate jobs.

Mechanistic

Describes organizational structures or systems that are highly formal, centralized, and governed by strict procedures and hierarchies.

Organic

Characterizing organizations or systems that are flexible, adaptive, and decentralized in nature.

Horizontal Specialization

Refers to the division of labor where tasks are subdivided into smaller, specialized tasks across a horizontal plane within an organization.