Once Jobs Have Been Divided Up by Work Specialization, They

question 11

Multiple Choice

Once jobs have been divided up by work specialization, they have to be grouped back together so that the common tasks can be coordinated. This is called

• A) structure
• B) organizational control
• C) departmentalization
• D) job enrichment

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Definitions:

Total Revenue

The total income received by a firm from the sale of its goods or services before any costs or expenses are deducted.

Elasticities

Indicators that show the sensitivity of the demand or supply of a product to variations in its price, income levels, or other relevant elements.

Elasticity of Demand

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Determinant

A factor or element that causes change in an outcome or condition, often used in reference to variables that affect economic indicators.