Factors of Production Include Things Such as Labour,financial Capital,capital Equipment,and

question 44

True/False

Factors of production include things such as labour,financial capital,capital equipment,and land or natural resources.

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Definitions:

Dysfunctional Conflict

A type of conflict that hinders organizational performance, disrupts operations, or negatively impacts interpersonal relationships.

Departmentalization

The method an organization uses to divide its operations and functions into manageable sections based on task, geographic location, product, or service.

External Environments

All elements outside of an organization that can affect its performance and strategy, including economic, technological, socio-cultural, and legal factors.

Mechanistic Structures

Organizational frameworks characterized by rigorous procedures, clear hierarchies, and distinct roles, aiming for efficiency and predictability.