Which of the Following Statements Concerning Traditional Organizations Is NOT

question 25

Multiple Choice

Which of the following statements concerning traditional organizations is NOT true?

• A)The traditional organization is rigid and resistant to change.
• B)The vertical structure of traditional organizations are effective when the pace of change is slow.
• C)Network systems facilitate communication and exchange.
• D)Employees of traditional organizations don't take chances and mistakes are hidden.

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Definitions:

Maximum Employment

A situation in which all available labor resources are being used in the most economically efficient way, one of the goals of economic policy.

Quantity Theory of Money

This economic theory posits that the general price level of goods and services is directly proportional to the amount of money in circulation.

Velocity of Money

The rate at which money circulates in the economy, typically measured as the ratio of GDP to the money supply.

Money in Circulation

The total amount of money, including cash and coins, that is in active use and circulating within an economy.