Once Alexandra Identified the Tasks of Each Employee in Her

question 13

Multiple Choice

Once Alexandra identified the tasks of each employee in her pet shop, she moved to the second step in her organizational design and:

• A) grouped the tasks and assigned them to specific people
• B) increased employee specialization
• C) offered specialized training for each position
• D) matched structure to strategy
• E) designed administrative relationships

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Definitions:

Supply Curve

A graph representing the relationship between the price of a good or service and the quantity of it that producers are willing to supply.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market stability.

Inverse Demand Function

A mathematical representation showing the relationship between the quantity demanded of a good and its price, typically derived by solving the demand function for price.

Inverse Supply

The inverse supply function represents the relationship between the price of a good and the quantity supplied, expressed as price as a function of quantity, contrasting with the typical supply function which is quantity as a function of price.