Two Technological Contingencies That Influence the Best Type of Organizational

question 107

Multiple Choice

Two technological contingencies that influence the best type of organizational structure to chose are:

• A)dynamism and hostility
• B)organic and mechanistic
• C)variability and analyzability
• D)formalization and division of labour
• E)coordination and formalization

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Definitions:

Monopolists

Entities that are the sole providers of a product or service in a market, allowing them to control prices and output levels.

Profit-Maximizing Output

The production level at which a business attains its greatest possible earnings.

Higher Prices

A situation where the cost of goods or services increases, often due to factors such as inflation, increased demand, or higher production costs.

Monopolists

Single sellers in a market who have significant control over the price and supply of a particular product or service.