Which of the Following Is Most Likely to Be a Characteristic

question 93

Multiple Choice

Which of the following is most likely to be a characteristic of an organization pursuing a cost-minimization strategy?

• A) lack of tight control
• B) wide span of control
• C) low work specialization
• D) high centralization
• E) low formalization

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Production Possibilities Curve

A graphical representation showing the maximum quantity of two goods or services that can be produced within a given time period and with available resources.

Efficiently

The ability to achieve a desired result or produce a desired output with the least amount of waste, effort, or inefficiency.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service.