All of the Following Statements About Simple Organizational Structures Are

question 14

Multiple Choice

All of the following statements about simple organizational structures are true except

• A) small firms with a narrow product-market scope will adopt such a structure.
• B) decision making authority is highly centralized.
• C) there is little specialization of tasks.
• D) creativity and individualism are rare.

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Definitions:

Numeraire

A standard unit of account in economic modeling used to measure relative prices.

Spaghetti Consumption

The amount or rate at which individuals or populations eat spaghetti, often studied in terms of dietary habits or economic factors.

Utility Function

A mathematical representation that defines individual preferences for consumption bundles by assigning a utility value to each bundle.

Consumption

The action of using up a good or service, typically by households or individuals, affecting economic analyses of demand and spending behaviors.