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While Most Organizations Have a Formal Organization Structure, Only Poorly

question 218

True/False

While most organizations have a formal organization structure, only poorly managed firms also have an informal organization.


Definitions:

Marginal Benefit

The extra pleasure or benefit obtained from using an additional unit of a product or service.

Marginal Cost

The cost of producing one additional unit of a good.

Major in Finance

Involves the study of managing money, including investments, banking, finance markets, and the analysis of financial systems and financial planning.

Total Cost

The sum of fixed and variable costs incurred in the production of goods or services.

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