A Mechanistic Organization Is a Type of an Organization in Which

question 30

True/False

A mechanistic organization is a type of an organization in which top management ensures that there is consensus about the direction in which the business is heading.

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Definitions:

Government Purchases

Expenditures by the government on goods and services that directly consume economic resources, distinct from transfer payments.

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.

Real GDP

The market value of all final goods and services produced within a country in a given period, adjusted for inflation.

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.