Which of the Following Is Typically a Characteristic of the Mechanistic

question 12

Multiple Choice

Which of the following is typically a characteristic of the mechanistic model of organization?

• A) low formalization
• B) extensive departmentalization
• C) decentralized management
• D) wide spans of control
• E) low specialization

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Definitions:

Monopolist

A single seller in a market with no close substitutes for the product or service offered, possessing significant market power.

Marginal Product

Marginal Product is the additional output resulting from a one-unit increase in the quantity of one input while holding all other inputs constant.

Marginal Revenue Product

The additional revenue generated from utilizing one more unit of an input, such as labor or capital, in the production process.

Monopolist

A singular entity that is the only provider of a particular product or service in the market, controlling the market and potentially manipulating prices and output.