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Taylor Hospital has well-defined organizational units that provide maintenance,financial services,care for cardiac patients,care for surgical patients,and so on.The organizational chart indicates that surgical units report to a surgical manager and all nursing units report to a vice president of nursing; financial services to an accountant and then to a business executive; and so on.The primary disadvantage of this organizational structure is:
MRP
Can also refer to Marginal Revenue Product, the additional revenue generated from employing one more unit of a resource or factor of production.
MRC
Marginal Resource Cost, the additional cost incurred by acquiring one more unit of a resource.
Complementary Resources
Different types of goods or services that, when used together, enhance each other's value and performance.
Market Value
The ongoing rate at which a commodity or service can be traded in the public market.
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