If the Production Possibilities Curve Is a Downward Sloping Straight

question 314

Multiple Choice

If the production possibilities curve is a downward sloping straight line, then

• A) resources are highly specialized, making it difficult to use them for alternative uses.
• B) technological change has increased.
• C) production is efficient only when producing at the mid-point.
• D) all resources must be perfectly adaptable for alternative uses.

Learn about the various network types and their specific features.

Understand the characteristics and advantages of different organizational structures such as functional, matrix, divisional, and geographical.

Identify the benefits and drawbacks of using a matrix structure within organizations.

Differentiate between various organizational structures based on functions, products, geographic locations, and customer orientations.

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Definitions:

Ethical Challenges

Situations that pose moral dilemmas, requiring individuals or organizations to make decisions based on ethical principles.

Organizations

Structured groups of people who work together to achieve specific goals or objectives.

Office Politics

The use of power and social networking within an organization to achieve changes that benefit the individual or a group.

Surrounding People

Individuals who are in the immediate vicinity or environment of a person, influencing their behavior, mood, and attitudes.