Which of the Following Statements Is True of the Organizational

question 5

Multiple Choice

 Which of the following statements is true of the organizational design and the life cycle of a firm?

• A) Once a firm reaches maturity, the emphasis on coordination generally increases.
• B) The nature of leadership should remain stable as the firm keeps evolving.
• C) As a firm matures, it tends to emphasize division of labor.
• D) Start-up firms are characterized by more job specialization.

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Definitions:

Product Market

A Product Market is a marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Circular Flow Model

An economic model that describes the movement of money, goods and services, and resources between producers and consumers in the economy.

Entrepreneurial Ability

The skill to innovate, introduce new products or processes, and successfully manage business ventures.

Rent

A periodic payment made by tenants to owners for the use of property or land, or the income derived from the lease of such property.