Which of the Following Is an Example of a Formal

question 94

Multiple Choice

Which of the following is an example of a formal group?

• A) people who assemble in the company library to read
• B) a group of employees attending a colleague's wedding
• C) a functional department in an organization
• D) a group of employees who meet after work to play basketball

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Definitions:

Perfect Information

A scenario in economics where all parties have access to all relevant information about a transaction, market, or event before it occurs.

Strikes

Work stoppages initiated by employees as a form of protest against terms of employment or to demand better wages and conditions.

Secondary Boycott

A form of protest by workers refusing to deal with companies that do business with another company involved in a labor dispute.

Strike Replacements

Workers hired by an employer to perform the jobs of striking employees during a labor dispute.