The Degree to Which Jobs Are Standardized and Guided by Rules

question 100

Multiple Choice

The degree to which jobs are standardized and guided by rules and procedures is called __________.

• A) work specialization
• B) formalization
• C) decentralization
• D) centralization

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Definitions:

NPV

Net Present Value (NPV) is a method used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows.

Leveraged Lease

A financing arrangement where a lessor uses borrowed funds to purchase an asset, which is then leased to a third party, helping businesses acquire expensive equipment with less capital.

Direct Lease

A lease agreement directly between the lessor and lessee, excluding intermediaries, typically for commercial properties or automobiles.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of tools, human labor, machinery, and chemical processing.