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:

Horizontal

A line or direction parallel to the ground or to the bottom edge of a page, representing equality or uniformity in a graphical representation.

Market Price

The current price at which an asset or service can be bought or sold.

Average Variable Cost

The variable cost of production divided by the quantity of output, representing the cost of labor and materials per unit of production.

Economic Profit

The difference between the total revenue generated by a business and the total costs, both explicit and implicit.