_________ Is a Key Characteristic in an Organisation with a Functional

question 66

Multiple Choice

_________ is a key characteristic in an organisation with a functional structure.

• A)Little specialisation
• B)Adaptability
• C)Departmentalisation
• D)Flexibility

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Definitions:

High Inflation

A situation where there is a sustained, rapid increase in the general price level of goods and services in an economy over a period, eroding purchasing power.

High Unemployment

A condition where a large portion of the workforce is not employed, indicating a distressed economy.

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation in an economy.

Aggregate Demand

Sum of all requests for goods and services within an economic system at a certain unified price level over a specified period.