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Despite the elimination of the federal budget deficit in the late 1990s, the trade deficit increased due to
Division of Labour
The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
Personal Coordination
The organization and management of an individual's tasks and responsibilities to achieve efficiency and fulfill objectives.
Tall Structures
Organizational hierarchy models characterized by multiple layers of management, resulting in longer communication paths and potential delays in decision-making.
Narrow Spans of Control
A managerial structure in which a manager oversees a small number of subordinates, allowing for more direct supervision and communication.
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