Tech Geeks,a Sole Proprietorship That Uses Contract Labor,has All of Its

question 29

Multiple Choice

Tech Geeks,a sole proprietorship that uses contract labor,has all of its authority centralized in a single person (the owner) ,a flat hierarchy,few rules,and low work specialization.Tech Geeks is an organization with a

• A)team-based design.
• B)simple structure.
• C)hollow structure.
• D)functional structure.
• E)horizontal design.

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Definitions:

Optimal Strategy

The best course of action that maximizes benefits or minimizes costs under given circumstances, often used in decision-making and game theory.

Anticipate

To expect or predict something based on current trends or information.

Oligopoly

A market structure characterized by a small number of firms whose decisions about prices and output mutually influence one another.

Oligopolists

Oligopolists are firms within an oligopoly, a market structure characterized by a small number of firms dominating the market, often leading to limited competition.