Organizational ________ Is a Measure of How Appropriate Organizational Goals

question 106

Multiple Choice

Organizational ________ is a measure of how appropriate organizational goals are and how well an organization is achieving those goals.

• A) productivity
• B) effectiveness
• C) efficiency
• D) yield

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Definitions:

Inputs Hiring

The process of acquiring the necessary resources, such as labor and raw materials, required for the production of goods or services.

Monopoly and Monopsony

A market structure where a single company dominates the supply side as a monopoly, or the buying side as a monopsony, of a market.

Resource Markets

Markets where productive inputs like labor, raw material, and capital are bought and sold.

Marginal Productivity Theory

A principle stating that the wage paid to a factor of production, such as labor, will equal the additional output or marginal product that the factor produces.