In 1992,the European Union Decided to Create an Economic as Well

question 4

Multiple Choice

In 1992,the European Union decided to create an economic as well as a monetary union involving the introduction of

• A) a pegged currency known as the euro.
• B) a managed currency know as the ecu.
• C) a freely floating exchange rate for a currency known as the euro.
• D) a single European currency managed by a European central bank.

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Definitions:

More Formalized

Pertains to structures or procedures being more rigorously and precisely specified or organized.

Mechanistic

describes organizations or systems that are highly structured, with clear hierarchical levels, rules, and roles, emphasizing efficiency and predictability in operations.

Organic Structure

A flexible, decentralized organizational design that emphasizes informal networks of communication and empowers employees to take decisions.

Growth

The process of increasing in size, value, or importance.