Formalization Is a Key Element of Organizational Structure

question 18

Essay

Formalization is a key element of organizational structure. What is indicated by formalization? Describe the characteristics of a highly formalized organization.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not affect future decision-making but often do.

Information Overload

A situation where an individual is exposed to more information than they can process, leading to stress or decision paralysis.

Neuroticism

A personality trait associated with negative emotional states such as anxiety, depression, and vulnerability.

Negative Affectivity

A personality trait characterized by the predisposition to experience negative emotions and mood states.