An Organization That Is High in Formalization, Centralization, Specialization, Standardization

question 81

Multiple Choice

An organization that is high in formalization, centralization, specialization, standardization, and complexity and has a tall hierarchy of authority is said to be highly _____.

• A)flexible
• B)autocratic
• C)organic
• D)bureaucratic

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Definitions:

Financial Growth Factors

Components that contribute to the increase in value of financial assets or earnings.

Geometric Mean

The nth root of the product of n numbers, used to calculate the average rate of return over time or the mean of ratios.

Growth Factor

One plus the percentage increase over a period of time. A growth factor less than 1 indicates negative growth, whereas a growth factor greater than 1 indicates positive growth. The growth factor cannot be less than 0.

Average Wage

The mean earnings of workers in a specific job, industry, or region, often used to compare economic wellbeing.