Grouping Jobs into Logical Units Is Called

question 124

Short Answer

Grouping jobs into logical units is called
departmentalization.
process management.
specialization.
development of the grapevine.
authorization.

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Definitions:

Human Capital

The capabilities, insights, and expertise held by a person or a group of people, considered in relation to their worth or expense to a company or nation.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than competitors.

Technical Goods

Products designed with a specific technical or functional purpose, often requiring specialized knowledge to use.

Heckscher-Ohlin Theorem

An economic theory stating that countries will export goods that require resources (factors of production) that are abundant and import goods that require resources in short supply.