SCENARIO 13-3 You Are Interested in Explaining the Different Types

question 20

Multiple Choice

SCENARIO 13-3 You are interested in explaining the different types of organizational designs to students of basic management.These students need to know the advantages and disadvantages of each structure as well as the structure's characteristics.
-Refer to Scenario 13-3.You describe the virtues of standardization.The structure that you are most likely describing is the

• A)matrix structure.
• B)simple structure.
• C)bureaucracy.
• D)team structure.
• E)modular structure.

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Definitions:

Positive Economics

The branch of economic analysis that describes the way the economy actually works.

Production Possibility Frontier

A visual map outlying the highest possible production levels for two goods, considering a defined compilation of resources and other relevant factors.

Minimum Quantity

The smallest amount of a product that can be ordered or purchased at one time.

Gain From Trade

The advantage or improvement in outcome that countries or individuals achieve through the act of trading goods or services.