Within a Bureaucracy, Leaders Have Access to Information That Others

question 43

Multiple Choice

Within a bureaucracy, leaders have access to information that others in the organization do not have. This is one of the primary reasons for the emergence of_____________ .

• A) bureaucracy
• B) oligarchy
• C) trained incapacity
• D) goal displacement

---

Definitions:

Long-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied after all inputs have been adjusted to their optimal levels.

Increase in Demand

A shift in the demand curve to the right, signifying that consumers are willing to purchase more of a good or service at the same prices, due to factors like increased income or changes in tastes.

Equilibrium Price

The market price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Short Run

A period of time during which at least one input in the production process is fixed, limiting the ability of a business to adjust to changes in market demand.