The Two Key Factors That Determine Overall Level of Performance

question 21

Multiple Choice

The two key factors that determine overall level of performance for an organization are

• A)bureaucratic structure and competency of top leadership.
• B)organizational morale and competency of top leadership.
• C)bureaucratic structure and commonality of goals.
• D)organizational morale and commonality of goals.

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Definitions:

Cartel

An agreement among competing businesses to control prices or exclude entry of a new competitor in the market, aiming at maximizing their profits collectively.

Fixed Cost

Costs that do not vary with the level of output produced, such as rent, salaries, and some utilities.

Cartel

A group of manufacturers or suppliers formed to keep prices high and limit competition.

Marginal Cost Curve

A graphical representation that shows how the marginal cost of producing one more unit varies with the level of production.