According to the Textbook, Which of the Following Statements Is

question 66

Multiple Choice

According to the textbook, which of the following statements is correct?

• A)New Zealand is an example of a capitalist economic system because market forces operate freely.
• B)Most countries have either a socialist or a capitalist economic system.
• C)No socialist economic systems exist anymore.
• D)Most countries combine elements from socialist and capitalist economic systems.

Recognize the characteristics and advantages of network design in enhancing communication and coordination.

Differentiate between the types of organizational designs: functional, product, geographic, and network.

Identify the concept of authority and its relevance in organizational structure.

Understand the impact of product organization design on managing information overload and specialization.