Organizations That Have an Organic Structure Typically

question 105

Multiple Choice

Organizations that have an organic structure typically

• A) have many levels in their organizational hierarchy.
• B) concentrate decision making powers among few managers.
• C) require obedience without questioning the organization's goals.
• D) require their members to be committed to the organization's tasks.
• E) none of these

---

Definitions:

Substitution Effect

The change in consumption patterns due to a price change, leading consumers to substitute one product for another.

Wage Decrease

A reduction in the hourly, daily, or monthly compensation that workers receive for their labor.

Utility Maximizing

The principle or practice of choosing the combination of goods and services that provides the highest level of satisfaction or utility to an individual.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, holding other factors constant.