Price Discipline Is

question 15

Multiple Choice

Price discipline is:

• A)greater under a fixed than under a flexible exchange rate system
• B)greater under a flexible than under a fixed exchange rate system
• C)about the same under a fixed as under a flexible exchange rate system
• D)is unrelated to the type of exchange rate system

---

Definitions:

Division of Labor

The allocation of different parts of a manufacturing process or task to different individuals in order to improve efficiency.

Hierarchy of Authority

The structured ranking of positions within an organization, where every level is subordinate to the one above it.

Departmentalization

The method an organization uses to structure itself by dividing responsibilities among different departments or units based on task, function, product, geography, or customer.

James D. Thompson

A sociologist known for his contributions to organizational theory, particularly for his work on organizations as open systems and technologies.