An Organization That Faces Considerable Environmental Uncertainty and Rapid Change

question 103

Multiple Choice

An organization that faces considerable environmental uncertainty and rapid change is more likely to be successful with:

• A)a rigid and tall structure
• B)an organic structure
• C)a highly defined set of policies and procedures
• D)high levels of job specialization and low levels of job interdependence

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Definitions:

Maximize

The process of increasing a certain outcome or variable to its highest possible level, given a set of constraints.

Total Production

The total output of goods or services produced by an individual firm or an entire industry over a specific period.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as production of a good or service) more efficiently than another activity.

Opportunity Cost

The loss experienced from bypassing the following superior alternative in the course of decision-making.