What Type of Organizational Structure Is One in Which There

question 17

Multiple Choice

What type of organizational structure is one in which there is a single department responsible for each of the basic business functions within the firm?

• A)Unitary functional structure
• B)Multidivisional structure
• C)Matrix structure
• D)Network structure
• E)Individual structure

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Definitions:

Marginal Rates

The additional cost or benefit associated with a small incremental increase in a unit of activity.

Utilities Possibilities Frontier

A concept in economics that represents all possible allocations of utility or satisfaction among different goods and services for a particular consumer or society, graphically.

Efficient

A state of productivity in which resources are used in the most cost-effective way without waste, achieving the highest possible output from a given input.

Equitable

Characterized by fairness or impartiality; just and right in considering the rights and responsibilities of all parties involved.