An Organization with Only a Few Layers of Management Is

question 248

Multiple Choice

An organization with only a few layers of management is known as a(n)

• A) tall organization.
• B) flat organization.
• C) leveraged organization.
• D) coordinated organization.

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Definitions:

Perfect Competitor

A theoretical market structure where numerous small firms sell identical products, and no single seller can influence the market price.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at different prices.

Marginal Revenue Curve

A graphical representation showing how additional sale of one more unit of a good or service affects the total revenue.

New Firms

Businesses that have been recently established, entering the market to offer goods or services.