According to Woodward's Findings Related to Technology and Organization Design

question 102

Multiple Choice

According to Woodward's findings related to technology and organization design:

• A) successful continuous-process organizations tended to have more bureaucracy.
• B) unit-batch organizations had the highest level of specialization.
• C) mass-production organizations tended to be the least bureaucratic.
• D) unit-batch organizations tended to be the most bureaucratic.
• E) mass-production organizations had a higher level of specialization.

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Definitions:

Pure Monopolist

A market situation in which a single company owns all the market share for a product or service, without any competitors.

Demand Data

Information or statistics regarding the desire of consumers to purchase goods or services at various prices over a given period.

Profit-maximizing Monopolist

A monopolistic firm that adjusts the production and pricing of its products to achieve the highest possible profit, given its unique position without competition.

Economic Profit

The financial gain made in a transaction after subtracting both the explicit and implicit costs.