Conflicts Within Departments Are Relatively Rare in Organizations That Follow

question 75

Multiple Choice

Conflicts within departments are relatively rare in organizations that follow a _____ structure because all the people in a particular department share the same background, training, and as such, they tend to get along with each other.

• A)matrix
• B)functional
• C)mosaic
• D)simple
• E)multidivisional

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Definitions:

MR = MC Rule

An economic principle that states a firm will maximize its profit when its marginal revenue equals its marginal cost.

Additional Unit

Refers to the next unit of a good or service to be produced or consumed, often discussed in the context of marginal analyses, such as marginal cost or marginal utility.

MR = MC Rule

The MR=MC rule states that profit maximization occurs when a firm produces at a level where marginal revenue equals marginal cost.

Price Taker

A market participant that accepts market prices as given and cannot influence those prices.