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What is the theory of bureaucratic behavior? What types of behavior does it predict the Fed might undertake?
Team-Based Structure
An organizational architecture that emphasizes collaborative work and projects carried out by teams, as opposed to hierarchy or individual efforts.
Simple Structure
An organizational design with low departmentalization, wide spans of control, centralized authority, and minimal formalization.
Formal Hierarchy
A structured organization where individuals are ranked according to their levels of authority and responsibility.
Organizational Chart
A diagram that displays the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.
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