Examlex

Solved

Which of the Following Is an Unintended Side Effect of a High

question 88

Multiple Choice

Which of the following is an unintended side effect of a high degree of specialization in an organization?


Definitions:

Equilibrium Quantity

The quantity of goods or services supplied that equals the quantity demanded at the market equilibrium price.

Shortage

A situation where the demand for a product exceeds its supply in a market, often leading to increased prices.

Excess Supply

A market condition where the quantity of a good or service supplied exceeds the quantity demanded at a particular price, often leading to price decreases.

Black Market

An illegal trading environment where goods or services are bought and sold without government authorization or oversight.

Related Questions