If Jobholders Rely More Heavily on Judgment Than on Rules

question 34

Multiple Choice

If jobholders rely more heavily on judgment than on rules, the organization most likely has a(n) ________ structure.

• A)mechanistic
• B)hierarchical
• C)matrix
• D)organic
• E)departmentalized

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Definitions:

Market Power

The ability of a firm or entity to influence the price or control the availability of products or services in a market.

DeBeers

A global corporation specializing in diamond exploration, mining, retail, and trading, known for its historical monopoly over the diamond market.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for its product or service.

Marginal Cost

The increased cost associated with making one extra unit of a good or service.