The Authors List a Number of Principles Regarding How to Structure

question 34

Multiple Choice

The authors list a number of principles regarding how to structure organizations. These include:

• A) Strategy formulation, unity of command, and employee empowerment.
• B) Delegation, unity of command, and chain of command.
• C) Employee empowerment, hierarchical structure, and chain of command.
• D) Hierarchical structure, delegation, and employee empowerment.
• E) Delegation, chain of command, and strategy formulation

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Definitions:

Marginal Revenue

The surplus revenue earned from the sale of an extra unit of a product or service.

Profit

The earnings obtained when income from a business endeavor outstrips the total expenses, costs, and taxes necessary to maintain that endeavor.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Price Change

A modification in the selling price of goods or services over a period.