In the Adhocracy Organizational Design, Decision-Making Is Centralized at the Top

question 125

True/False

In the adhocracy organizational design, decision-making is centralized at the top of the organization, and power is in the hands of management.

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Definitions:

Natural Monopolies

Situations in which a single firm can supply a good or service to an entire market more efficiently than multiple firms could, often due to high infrastructure costs making competition impractical.

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the net benefit to society, considering both production and desires of consumers.

Simultaneous Consumption

A consumption pattern in which a product or service is consumed by multiple users at the same time without reducing its availability to others.