A Simple Structure Is Characterized by

question 37

Multiple Choice

A simple structure is characterized by

• A) high specialization and low centralization.
• B) low specialization and high centralization.
• C) low formality and low creativity.
• D) high formality and low centralization.

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Definitions:

Extensive Form

A representation of games (in game theory) that illustrates the sequence of moves, available strategies, and potential outcomes in a tree diagram.

First-Mover Advantage

The competitive advantage gained by the initial significant occupant of a market segment.

Extensive Form

In game theory, a detailed representation of a game that includes the order of players' moves, their choices at every node, and the outcomes resulting from each combination of choices, displayed as a decision tree.

Simultaneous Game

A strategic situation where each player must make their decisions at the same time, without knowledge of the other players' choices.