One of the Reasons So Many Internet Companies Fail Is

question 179

Multiple Choice

One of the reasons so many Internet companies fail is due to a lack of standardized operating procedures.The companies' managements are afraid of stifling their creative employees by using a rigid structure with lots of rules and regulations.Instead employees are given few rules and allowed to use their own judgment when making decisions.What type of organization design would you find in most of these companies?

• A) Mechanistic
• B) Autocratic
• C) Bureaucratic
• D) Organic
• E) Formalized

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Definitions:

Exact Value

Precise numerical value without approximation, representing the true measure or count of something.

Bidders

Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.

Expected Price

The price level that purchasers or sellers anticipate a good or service will have in the future.

Oral Auction

A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.