A Bureaucracy

question 60

Multiple Choice

A bureaucracy:

• A) has a minimum of 10 hierarchical levels.
• B) causes members of an organization to focus on short-term goals.
• C) clearly specifies vertical authority, but loosely defines horizontal task relationships.
• D) provides guidelines for designing a hierarchy.

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Definitions:

Bell Curve

A graphical representation of a normal distribution, characterized by a symmetrical bell-shaped curve where most occurrences take place around the mean.

Normal Distribution Function

A statistical function that describes how the values of a variable are distributed, with most observations clustering around the mean and fewer observed in the tails.

Cumulative Normal Function

A statistical function that indicates the probability that a random observation that is drawn from a normal distribution falls within a certain range of values.

Sharpe Measure

A ratio used to evaluate the risk-adjusted return of an investment portfolio; it represents the excess return per unit of deviation in an investment.