The Extent to Which Organizational Rules,procedures,and Communications Are Written Down

question 51

Multiple Choice

The extent to which organizational rules,procedures,and communications are written down is called __________.

• A) formalization
• B) centralization
• C) division of labor
• D) span of control

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Definitions:

Firms

Business entities engaged in commercial, industrial, or professional activities, with the goal of earning a profit.

College Textbook Publishers

Companies specialized in publishing textbooks tailored for college and university level courses.

Cutthroat Competition

A situation in which businesses aggressively compete with one another by cutting prices and attempting to eliminate competitors in the market.

Oligopoly

A market structure characterized by a small number of large firms dominating the industry, leading to limited competition.