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

question 24

True/False

An organization that is low in formalization, centralization, specialization, standardization, and complexity and has a flat hierarchy of authority is said to be highly bureaucratic.

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Definitions:

Fixed And Variable Costs

Fixed costs remain unchanged regardless of the level of production or sales activity, while variable costs fluctuate with changes in activity.

Committed Fixed Costs

Long-term fixed costs that a business incurs from its commitments, such as leases or contracts, which are difficult to change in the short term.

Depreciation

Depreciation is the accounting method of allocating the cost of a tangible asset over its useful life, reflecting its consumption or wear and tear over time.

Highly Trained Engineers

Professionals with advanced education and training in engineering disciplines, contributing expertise to projects and innovations.