Geena Is Finalizing Her Study on Organizational Reporting Systems

question 55

Multiple Choice

Geena is finalizing her study on organizational reporting systems.She integrates the reporting systems of the various departments and then finds that they have a common thread to them.She is able to relate the filing procedure at the unit level to the organizational policy regarding documentation.The process by which Geena is able to do this is referred to as _____.

• A)incubation
• B)incorporation
• C)assimilation
• D)compiling
• E)induction

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Definitions:

Least-Costly Combination

An economic principle that describes the mix of factors of production (like labor and capital) that minimizes cost for a certain level of output.

MRPs

The marginal revenue product of labor refers to the increase in revenue a firm sees when adding one additional unit of labor, holding other factors constant.

Variable Resources

Factors of production such as labor, capital, and raw materials that can be adjusted in the short term to meet changes in demand or production.

Profit-Maximizing Level

The level of production at which a business achieves the highest possible profit.