In a ___________ Organization,each Product Unit Can Share the Specialized

question 54

Multiple Choice

In a ___________ organization,each product unit can share the specialized resource with other units,rather than duplicating it to provide independent coverage for each.

• A)customer based
• B)functional
• C)matrix
• D)product based

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Definitions:

U.S. Economy

The economic system of the United States, characterized by a mixed economy with private freedom combined with centralized economic planning and government regulation.

Marginal Propensity

The proportion of an additional amount of income that is used for consumer spending. It's a key concept in understanding how income changes affect spending.

Tax Rebate

A refund to taxpayers when the amount of taxes paid is greater than the amount of tax owed.

Consume

To consume means to use up goods or services for personal needs or interests, playing a role in the economy through the demand for products and services.