The Term That Is Used to Identify an Organizational Structure

question 94

Multiple Choice

The term that is used to identify an organizational structure that is typical of old, very large organizations, divided according to the different markets it serves is

• A)matrix design.
• B)professional bureaucracy.
• C)adhocracy design.
• D)divisionalized form.
• E)simple structure.

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Definitions:

Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy, an indicator of inflation.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real value of goods and services produced.

Short-Run Economic Recession

A brief period of economic decline characterized by reduced industrial production, trade, and lowered levels of employment.

Long-Run Aggregate-Supply Curve

A vertical curve representing the real output of goods and services that an economy can produce when resources are fully employed, irrespective of the overall price level, over time.