All of the Following Are Characteristics of a Highly Formalized

question 109

Multiple Choice

All of the following are characteristics of a highly formalized organization EXCEPT ________.

• A)explicit job descriptions
• B)little discretion for employees
• C)minimum number of rules
• D)a standardized way of doing things

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Definitions:

Intermediary

A third-party agent or entity that acts as a mediator or facilitator between two parties in a transaction, often involved in the distribution chain.

Supply Chain Surplus

The difference between the value a product provides to the customer and the cost of the supply chain in fulfilling that demand.

Supplier Selection

The process of assessing and choosing the most suitable suppliers based on criteria like cost, quality, service, and reliability.

Procurement

The process of obtaining goods and services, including the negotiation of terms, selection of suppliers, and the formal agreement of contracts.