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Table 2-18
Table 2-18 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas.
-Refer to Table 2-18. What is Mickey's opportunity cost of making an umbrella?
Organizational Design
The process of structuring an organization's roles, responsibilities, and systems to achieve its goals efficiently and effectively.
Particular Organizational Design
A unique configuration of an organization's structures, processes, and systems designed to achieve its goals and address specific challenges.
Professional Bureaucracy
An organizational structure that relies heavily on the expertise and professionalism of its members rather than on strict hierarchies or rules.
Horizontal Specialization
A division of labor where tasks are divided among employees at the same level within an organization, based on skills or expertise.
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