Which of the Following Is True About the Geographical Structure

question 35

Multiple Choice

Which of the following is true about the geographical structure?

• A) It helps focus attention on the unique cultures and requirements of particular regions.
• B) Under this structure, jobs and activities are grouped together based on preferences of similar clients.
• C) It groups together jobs and activities that are part of the same processes.
• D) It groups together people with similar skills who perform similar tasks.
• E) Under this structure, each product division is given a chief executive who is responsible for its own profits and losses.

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Definitions:

Total Expenditures

The sum of all spending by consumers, businesses, and the government in an economy.

Price Elasticity

A reflection of how the market's demand for a good is affected by its price dynamics.

Midpoint Method

A technique used to calculate the elasticity of demand or supply between two points on a curve by averaging the two points' quantities and prices.

Cross-price Elasticity

A measure of how the quantity demanded of one good changes in response to a change in price of another good.