The Definition of "Organization" Is

question 56

Multiple Choice

The definition of "organization" is:

• A) a goal-directed entity that has members who set goals and achieve them through strategic planning.
• B) an entity with identifiable permanent boundaries.
• C) a social entity that is goal-directed, has a deliberately-structured activity system, and is linked to the external environment.
• D) a business that performs work activities and contributes to its society by employing people.

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Definitions:

Utility

The total satisfaction received from consuming a good or service.

Noncash Gifts

Contributions or presents given in forms other than cash or currency, including physical goods, services, or other intangible assets.

Diminishing Marginal Utility

This refers to the economic principle that as a person increases consumption of a product, there is a decline in the marginal benefit that person gains from consuming each additional unit of that product.

New Features

New features refer to additional or enhanced attributes introduced to a product or service to improve its functionality or appeal.