In a Production Function That Is Graphed with Output on the Y-

question 130

Multiple Choice

In a production function that is graphed with output on the y- axis and labor on the x- axis, an increase in the labor stock is illustrated as:

• A) an upward shift in the production function.
• B) an upward movement along the production function.
• C) a downward movement along the production function.
• D) a downward shift in the production function.

---

Definitions:

Rules And Procedures

Guidelines and systematic steps established for consistent and orderly conduct or action.

Standardized

The process or practice of making elements uniform or consistent by following a defined set of criteria or standards.

Organic Model

A less formalized structure based on decentralization and cross-functional teams.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including roles and responsibilities.