Danielle Is Preparing a Visual to Show the Chain of Command

question 44

True/False

Danielle is preparing a visual to show the chain of command and reporting structure within her company. An organization chart will best illustrate this data.

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Definitions:

Accounting Profits

The total revenue of a company minus the explicit costs and depreciation.

Normal Profits

The return to the business owners for the opportunity cost of their implicit inputs.

MRP

Marginal Revenue Product, a term in economics that represents the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Investment

The allocation of resources, such as capital or time, in order to generate future profit or income.