A Midden Is a Prehistoric Refuse Site Filled with __________

question 99

Short Answer

A midden is a prehistoric refuse site filled with __________.

Understand the impact of external factors such as competitors on organization design.

Recognize the importance of task delegation, culture, power, and job design in organization design.

Appreciate the strategic importance of supplier selection and relationships in organization design.

Grasp the concepts of hierarchy, differentiation, and integration in organization structure.

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Definitions:

Marginal Benefit

The additional satisfaction or value obtained from acquiring one more unit of a product or service.

Expected Total Return

The sum of all anticipated earnings from an investment, including capital gains, interest, and dividends, over a specified period, reflecting its potential profitability.

Optimal R&D

The most efficient level of investment in research and development activities where marginal cost equals marginal benefit.

Expected Rate Of Return

The increase in profit a firm anticipates it will obtain by purchasing capital or engaging in research and development (R&D); expressed as a percentage of the total cost of the investment (or R&D) activity.