"Maximize Profits" and "The Customer Is Always Right" Are Examples

question 46

Multiple Choice

"Maximize profits" and "the customer is always right" are examples of norms associated with which social institution?

• A) Medicine
• B) Economy
• C) Family
• D) Politics

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Definitions:

Middle Managers

Managers who report to upper management and supervise lower-level managers, often responsible for translating organizational strategies into operational plans.

Matrix Design

An organizational structure that combines functional and product-based divisions, allowing for flexibility and enhanced collaboration.

Organizational Structures

define the ways in which jobs, power, and responsibilities are arranged within a company to achieve its objectives.

Matrix Organization

A matrix organization is a company structure that creates teams by combining functional and project-based departments, aiming to improve communication, flexibility, and dynamic project handling.