Which of the Following Is True of Formal Organizations

question 77

Multiple Choice

Which of the following is true of formal organizations?

• A) Social statuses and roles in formal organizations are organized around shared expectations.
• B) Formal organizations use primary groups to achieve their organizational goals.
• C) Businesses and societies using formal organization have similar goals and degrees of hierarchy.
• D) Membership in formal organizations is always voluntary.
• E) Formal organizations discourage the use of norms governing social relationships among members.

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Definitions:

Shift

In economics, a movement or change in the position of a supply or demand curve in response to external factors.

MC, AVC, ATC Curves

Graphical representations in economics of the marginal cost, average variable cost, and average total cost, respectively, which firms use for production and pricing decisions.

Economies of Scale

Cost advantages that businesses obtain due to the scale of operation, with cost per unit of output generally decreasing with increasing scale.

Long-Run Average Total Cost Curve

A curve that shows the lowest average cost at which a firm can produce any given level of output in the long run, when all inputs are variable.