Which of the Following Organizations Will Most Likely Have the Narrowest

question 14

Multiple Choice

Which of the following organizations will most likely have the narrowest span of control?

• A)A science lab that does complex genetic research
• B)A police force that has a team of officers working on a murder investigation
• C)A plant that produces hammers
• D)A plant that manufactures airplanes

Understand the economic rationale for specialization and division of labor.

Analyze the impact of trade on economic output and progress.

Comprehend how exchange creates value and facilitates economic progress.

Identify the conditions under which individuals and nations gain from trade.

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Definitions:

Lump-sum Purchase

The acquisition of an asset or multiple assets in a single transaction for a single amount, instead of making payments over time.

Straight-line Method

A method of calculating depreciation and amortization by evenly distributing the cost of an asset over its useful life.

Salvage Value

The projected value at which an asset can be sold after its period of usefulness, utilized in the computation of depreciation costs.

Depreciated

The reduction in value of an asset over time due to wear and tear, age, or obsolescence, commonly used in accounting to allocate the cost of an asset over its useful life.