As the Number of Employees in an Organization Grows, Structure

question 118

Multiple Choice

As the number of employees in an organization grows, structure tends to become more __________.

• A) flexible
• B) informal
• C) centralized
• D) organic
• E) formalized

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Definitions:

Aggregate Demand Curve

A graph showing the relationship between the total demand for goods and services and the overall price level in the economy, all else being equal.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy’s size and growth rate.

Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level in an economy and the total output produced by that economy at various price levels.

Price Index

A number that shows the average price of products; changes in a price index over time show changes in the economy’s average price level.