Final answer:
The term 'organization' best describes the process of assigning tasks, allocating resources, and coordinating activities of groups. It relates to the bureaucratic system and aims for increased productivity and efficiency. The correct option is B.
Step-by-step explanation:
The process of assigning tasks, allocating resources, and coordinating the activities of individuals and groups best defines the term organization. This concept is part of the bureaucratic structure, which includes characteristics such as a hierarchy of authority, explicit rules, and division of labor.
While delegation refers specifically to the handing over of responsibility for certain tasks, organization encompasses the wider system by which tasks are assigned and managed efficiently within a group or company. Transaction costs and conformity costs are considerations within organizational and decision-making processes. Bureaucracies aim for positive aspects such as increased productivity and increased efficiency.