Organizational Architecture Is the Combination of Organizational Structure, Culture, Control

question 19

True/False

Organizational architecture is the combination of organizational structure, culture, control systems, and human resource management (HRM) systems that together determine how efficiently and effectively organizational resources are used.

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Definitions:

Monopoly Power

is the ability of a single company or entity to control a significant portion of the market for a particular product or service, limiting competition.

Antitrust Laws

Regulations designed to protect trade and commerce from unfair practices, such as monopolies and cartels.

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to minimize competition.

U.S. Antitrust Laws

Laws enacted by the U.S. to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.