Larger Organizations Tend To

question 54

Multiple Choice

Larger organizations tend to:

• A)make greater use of standardization than do smaller firms.
• B)have similar structures to smaller organizations.
• C)operate without any form of departmentalization for long periods of time.
• D)have all of these characteristics.
• E)have none of these characteristics.

Understand the Big Five personality traits and their significance in psychology.

Distinguish between different types of personality measures, including traits and states.

Comprehend the challenges involved in developing accurate measures of personality.

Differentiate between nomothetic and idiographic approaches to personality research.

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Definitions:

Excess Capacity

Plant resources that are underused when imperfectly competitive firms produce less output than that associated with achieving minimum average total cost.

Product Differentiation

A marketing strategy that businesses use to distinguish their products or services from those of competitors.

Competitive Element

A factor that distinguishes a company in the marketplace, often related to quality, price, or innovation, aiding in achieving a competitive advantage.

Elastic Demand

A situation in which the quantity demanded of a product or service changes significantly in response to a change in price.