You Are Interested in Explaining the Different Types of Organizational

question 82

Multiple Choice

You are interested in explaining the different types of organizational designs to students of basic management. These students need to know the advantages and disadvantages of each structure as well as the structure's characteristics.
-You explain to your students the structure of a local grocery store situated in your neighborhood. The store employs two full-time employees, a salesperson and a cashier. The owner of the store acts as its manager and makes all the decisions. Which of the following organizational structures is being described by you?

• A) matrix structure
• B) virtual structure
• C) bureaucracy
• D) boundaryless structure
• E) simple structure

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Definitions:

Producer Surplus

the difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.

Market Entry

The act of beginning to sell goods or services in a new market.

Price Rises

An increase in the market price of goods or services, often due to factors such as inflation, demand surges, or production costs.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus how much they actually receive.