All of the Following Are Elements of an Organizational Structure,except

question 48

Multiple Choice

All of the following are elements of an organizational structure,except?

• A)Work specialization.
• B)Simple structure.
• C)Chain of command.
• D)Span of control.
• E)Formalization.

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Definitions:

Price of Capital

The cost of using capital assets, including the interest or finance charges paid on borrowed funds or the opportunity cost of using owned capital.

Price of Labor

The wage rate or the cost of hiring workers in the labor market.

Minimize Costs

The process of finding ways to reduce expenses and lower the cost of production in order to increase profitability.

Last Dollar

The concept of last dollar refers to the final portion of funding or resources available for a project, initiative, or individual, often indicating the utilization of all available funds.