Which of the Following Is True About the Formal Network

question 74

Multiple Choice

Which of the following is true about the formal network of an organization?

• A) The formal network does not include the upward and lateral movement of information in an organization.
• B) The formal communication network never includes external audiences.
• C) The formal network is the only important communication network in an organization.
• D) The formal network is unrelated to an organization's business plan.
• E) The formal network constitutes the main lines through which the bulk of operational communication flows.

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Definitions:

Consumer Surplus

The difference between the aggregate willingness to pay by consumers for a good or service and the aggregate actual payment.

Deadweight Loss

An economic inefficiency caused by a disruption in market equilibrium, leading to a loss of societal welfare.

Consumer Surplus

The disparity between the ideal total expenditure consumers are willing to make on a good or service and the real expenditure.

Producer Surplus

The distinction in financial terms between what producers expect to receive for a product or service and the actual revenue attained.