A Mechanistic Structure Is Most Appropriate for Which of the Following

question 49

Multiple Choice

A mechanistic structure is most appropriate for which of the following organizations?

• A) A biotechnology company
• B) A specialized chemical processor
• C) A custom furniture maker
• D) An automobile manufacturer

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Definitions:

Supply Of Labor

The total number of workforce hours available for work in an economy at a given wage rate.

Perfectly Elastic

A situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Marginal Expenditure Curve

A graphical representation that shows the change in total expenditure incurred by purchasing one additional unit of a good or service.

Economic Rent

Amount that firms are willing to pay for an input less the minimum amount necessary to obtain it.