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Figure 15.3
-Refer to Figure 15.3. Starting from the equilibrium illustrated in the graphs, if the Federal Reserve purchases government bonds in the open market, then
Departmentalization
The method by which an organization divides its operations into separate units or departments based on function, product, geographic location, or customer base.
Matrix Structure
An organizational structure that combines two or more types of departmentalization, typically project and functional, to facilitate the horizontal flow of information.
Functional Structure
An organizational design where the company is divided into departments based on function or specialization, such as marketing, finance, and human resources.
Organic Structure
An organizational configuration that is flexible, decentralized, and has low levels of formalization, allowing it to adapt quickly to changes.
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