Organizational Design Is

question 72

Multiple Choice

Organizational design is

• A) the process of creating, implementing, and modifying the structure of an organization.
• B) primarily focused on replacing a firm's competitive advantage with competitive parity.
• C) a process that always functions independently of strategy formulation.
• D) primarily focused on formulating effective strategies, not implementing them.

---

Definitions:

Medium Of Exchange

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Commodity Money

Money that has intrinsic value because it is made of materials that hold value, like gold or silver.

Fiat Money

Currency that a government has declared to be legal tender, despite it having no intrinsic value and not being backed by physical commodities.

Intrinsic Value

The inherent worth of an asset, independent of its market price, often based on what is fundamentally valuable about the asset.