Which of the Organization Models Follows All of Fayol's Traditional

question 115

Multiple Choice

Which of the organization models follows all of Fayol's traditional management rules?

• A) Line organization
• B) Line-and-staff organization
• C) Cross-functional team
• D) Matrix

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Definitions:

Cost Curves

Cost curves are graphical representations of the costs associated with producing varying quantities of goods, showing how costs change with changes in output.

Pure Competition

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price determination by market demand and supply.

Market Entry

The process by which a new competitor enters an existing market, often involving overcoming barriers to entry.