The ____ Structure Is Considered the Simplest and the Oldest

question 80

Multiple Choice

The ____ structure is considered the simplest and the oldest form of organizational structure.

• A) cross-functional team
• B) matrix
• C) formal
• D) line-and-staff
• E) line

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Definitions:

Technique of Production

The method or process employed in creating goods or services, incorporating factors like labor, machinery, and technology.

Firms Leaving

The process of companies exiting an industry or market, often due to economic pressures or seeking better opportunities elsewhere.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that sellers are willing to supply.

Equation

A mathematical statement that asserts the equality of two expressions, typically involving variables.