A Simple Structure Is an Organizational Form in Which the Owner-Manager

question 81

True/False

A simple structure is an organizational form in which the owner-manager makes all major decisions directly and monitors all activities, while the staff merely serves as an extension of the manager's supervisory authority.

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Definitions:

Economic Integration

A process by which countries reduce trade barriers to enable more free flow of goods, services, and capital among each other, leading to increased economic interdependence.

Geographic Locales

Geographic locales refer to specific geographical areas or locations, each with its own unique characteristics and cultural practices.

Capitalism

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit.

Globalization

The process of increasing interconnectedness and interdependence among countries worldwide through the exchange of goods, services, technology, and culture.