An Organization Structure Refers To

question 26

Multiple Choice

An organization structure refers to:

• A) a relationship between two or more firms to meet a particular business need.
• B) the group of employees who perform jobs together in the same location.
• C) the network of employees in a particular team.
• D) a system of tasks, reporting relationships, and communication linkages.
• E) a cooperation agreement with another organization to jointly pursue activities of mutual interest.

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Definitions:

Supply and Demand

A fundamental economic model that explains how prices and quantities of goods and services are determined in a market based on the interaction between suppliers and consumers.

Market Equilibrium

This is the condition in a market where the quantity supplied equals the quantity demanded at a certain price level, leading to a stable market situation where there is no tendency for change.

Classical Employment Theory

An economic theory suggesting that the market for labor will always clear, meaning unemployment would only be temporary and the labor market would adjust through wage changes.

Loanable Funds Market

A theoretical market in which borrowers and lenders negotiate loans or savings, determining the interest rates through supply and demand for funds.