Which of the Following Is Not a Characteristic of a Highly

question 11

Multiple Choice

Which of the following is not a characteristic of a highly formalized organization?

• A) clearly defined procedures covering work processes
• B) explicit job description
• C) high employee job discretion
• D) a large number of organizational rules
• E) a consistent and uniform output

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Definitions:

Equilibrium Price

The market condition price point where supply and demand for a product or service balance each other, leading to no inherent tendency for change.

Price Floors

Legally established minimum prices for goods or services, intended to ensure they cannot be sold below a certain price.

Inefficiently Low Quality

A situation where a product or service is produced with a quality level that is not optimal for consumer satisfaction or cost efficiency.

Wasted Resources

Resources that are not utilized in an efficient manner, often leading to economic inefficiency or loss.