When Activities Are Performed Inside Firms, Which of the Following

question 11

Multiple Choice

When activities are performed inside firms, which of the following is true about organizational architecture?

• A)Decision initiation is a feature of decision control
• B)The party who ratifies a decision must implement it
• C)Rewards should be distributed equally to keep everyone happy
• D)It is cost-ineffective to ratify all decisions
• E)None of the above

Describe the characteristics and implications of flat decentralized organizational structures, specifically holacracy.

Comprehend the concept of vertical integration and its strategic advantages for business expansion and control over the supply chain.

Understand the strategic value of networks and network organizations in specialization and information diffusion.

Define modular organization and describe its benefits and downsides.

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Definitions:

Tax Receipts

The income received by the government from taxes. It represents the primary source of revenue for government operations.

Economic Activity

A term that encompasses all actions that involve the production, distribution, and consumption of goods and services within an economy.

Severe Recession

An extended period of significant decline in economic activity across the economy, typically characterized by high unemployment, low consumer spending, and reduced industrial production.

Fiscal Policy

Government policies regarding taxation and spending that influence the economy by changing the level of income and aggregate demand.