Which Statement Best Describes the Institutional View of the Two

question 62

Multiple Choice

Which statement best describes the institutional view of the two essential dimensions of organization?

• A) The institutional structure is that part of the organization most visible to the outside public.
• B) The public dimension of the institutional structure is governed by norms of efficiency.
• C) The technical dimension of the institutional structure will reflect environmental expectations rather than the demands of work activities.
• D) The formal institutional structure and design process is rational with respect to workflow and products.

---

Definitions:

Wage Bill

the total amount of money paid by employers to their employees for work performed, typically within a specific period.

Wage Rate

The standard amount of compensation individuals receive in exchange for performing work or services, typically expressed per hour or year.

Profit-Maximizing Number

The output level at which a business achieves the highest possible profit, determined by analyzing costs and revenue functions.

Profit-Maximizing Firm

A business entity that seeks to achieve the highest possible profits through its operations and strategies.