Mitchell Works in an Organization with a Clear Hierarchy of Authority

question 15

Multiple Choice

Mitchell works in an organization with a clear hierarchy of authority, a boss who gives him instructions, and employees who are loyal and obedient. This organization is

• A)mechanistic.
• B)technological.
• C)strategically chosen.
• D)Burns and Stalker's.
• E)organic.

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Definitions:

Total Revenue

The overall amount of money generated by a firm from its sales activities before any costs or expenses are subtracted.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant response, while low elasticity indicates little to no response.

Dairy Farmers

Individuals or businesses involved in the production of milk and possibly other dairy products from animals such as cows or goats.

Milk Production

The process of producing milk, mainly from dairy cows, for human consumption.