Which of the Following Statements Is Correct

question 135

Multiple Choice

Which of the following statements is correct?

• A) Automotive manufacturers prefer stricter fuel economy regulations to higher gasoline taxes.
• B) Higher gasoline taxes have provided a market-based incentive for Europeans to buy more fuel-efficient vehicles.
• C) Higher gasoline taxes have had no effect on the U.S. demand for gasoline because the demand for gasoline is perfectly inelastic.
• D) Fuel efficiency regulations are more effective than gasoline taxes in reducing the demand for gasoline in the United States and Europe.

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Definitions:

Professional Bureaucracy

An organizational structure characterized by highly specialized jobs and a high degree of formalization, often found in professional fields like law, medicine, and education.

Decentralized Form

An organizational structure where decision-making authority is distributed among various levels rather than being concentrated at the top.

Operating Core

The essential, mission-critical part of an organization responsible for producing its main outputs or services.

Contextual Variables

A set of four characteristics that influence the success of an organization’s design.