The Dean of Your College Is Considering Hiring Another Economics

question 14

Multiple Choice

The dean of your college is considering hiring another economics professor.If the additional revenue that the college can earn from employing the professor exceeds the additional cost, the college should

• A)do nothing
• B)continue to study the issue
• C)hire the professor
• D)stop offering economics classes
• E)not hire the professor and lay off a professor already on the faculty

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Definitions:

Organization Structure

The arrangement of roles, responsibilities, and authority within a company, defining how activities such as task allocation, coordination, and supervision are directed.

Director of Operations

A senior-level executive responsible for overseeing the day-to-day activities and ensuring the smooth operational performance of an organization.

Chief Marketing Officer

A top executive responsible for overseeing the planning, development, and execution of an organization's marketing and advertising initiatives.

Marketing Program Section

A portion of a marketing plan that outlines specific actions, tactics, and strategies to achieve marketing objectives.