Organizational ________ Is Concerned with Devising the Optimal Structures of Accountability

question 119

Multiple Choice

Organizational ________ is concerned with devising the optimal structures of accountability and responsibility that an organization uses to execute its strategies.

• A)design
• B)structure
• C)life cycle
• D)charting
• E)culture

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Definitions:

Monopolist

An entity that is the sole provider of a particular good or service, giving it significant control over market prices.

Profit Maximizing

The process or strategy where a firm adjusts its production and sale of goods to achieve the highest possible profit.

Output Level

Refers to the quantity of goods or services produced by a firm or an economy at a given time.

Marginal Revenue

The additional revenue that is gained from selling one more unit of a product or service.