Which of the Following Statements About Mechanistic Organizations Is True

question 97

Multiple Choice

Which of the following statements about mechanistic organizations is true?

• A)Mechanistic organizations rely on decentralized authority.
• B)Mechanistic organizations work best in stable, unchanging business environments.
• C)Mechanistic organizations are characterized by horizontal communication based on task knowledge.
• D)Mechanistic organizations have broadly defined jobs.
• E)None of these statements about mechanistic organizations is true.

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Definitions:

Rational Traders

Investors who make decisions based on logic, available information, and analysis rather than emotion or guesswork.

Arbitrage

The practice of taking advantage of a price difference between two or more markets, buying low and selling high to profit from the temporary difference.

Overconfidence

A cognitive bias characterized by an individual's unjustifiable faith in their own intuitive reasoning, judgments, or cognitive abilities.

Financial Wisdom

The knowledge and understanding necessary for making prudent financial decisions, encompassing personal finance, investing, budgeting, and saving strategies.