Bureaucracy Is Based on Which of the Following Principles

question 62

Multiple Choice

Bureaucracy is based on which of the following principles?

• A)hierarchical authority
• B)job specialization
• C)formalized rules
• D)hierarchical authority,job specialization,and formalized rules
• E)None of these answers is correct.

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Definitions:

Forecasting Error

The difference between the actual outcome and the predicted value in a forecast.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating a company's fixed versus variable costs.

Variable Costs

Expenses that change in proportion to the level of production or sales, such as raw materials and labor costs.

Operating Leverage

Operating leverage describes the extent to which a company can increase profits by increasing sales, indicating the proportion of fixed costs to variable costs.