One of the Main Benefits of Formal Hierarchy as a Coordinating

question 140

True/False

One of the main benefits of formal hierarchy as a coordinating mechanism is that it increases flexibility and responsiveness to customer needs.

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Definitions:

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Occupational Attainment

The level of achievement an individual has reached in their career, often measured by their job title, status, and income.

Cultural Capital

Non-material assets that include education, intellect, style of speech, and dress, which can give an individual a higher status in society.

Social Reproduction

The tendency of social classes to remain relatively stable as class status is passed down from one generation to the next.