Which Component of Structure Is Described by "The Extent to Which

question 20

Multiple Choice

Which component of structure is described by "the extent to which decisions are made at the top of the organization?"

• A) Specialization
• B) Formalization
• C) Standardization
• D) Centralization

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Definitions:

Transaction Costs

Transaction costs are expenses incurred when buying or selling goods or services, including the costs of searching for information, negotiations, and enforcement of contracts.

Spread

The difference between two values, such as the bid and ask prices in financial markets, or the range in statistical data.

Market Maker

An entity that buys and sells securities from their own inventory, facilitating trading and liquidity in the market.

Transactions

The act of conducting business or commercial dealings, such as buying, selling, or exchanging goods, services, or financial instruments.