What Function Does Communication Play in Organizations

question 111

Multiple Choice

What function does communication play in organizations?

• A)Communication minimizes "silos of knowledge."
• B)Communication helps decision makers learn about organizational problems.
• C)Communication helps employees fulfill their drive to bond.
• D)Communication aids employee well-being.
• E)Communication serves all of these functions.

---

Definitions:

Marginal Revenue

The incremental revenue procured by selling an extra unit of a product or service.

Marginal Cost

The cost of producing one additional unit of a product or service, crucial for pricing and production decisions.

Purely Competitive Firm

A business operating in a market where there are many buyers and sellers of a homogeneous product with no single entity able to influence the market price.

Normal Profits

The minimum level of profit needed for a company to remain competitive in the market, also seen as the opportunity cost of capital.