Figure 15-2 ​

question 211

Multiple Choice

Figure 15-2 ​
-Refer to Figure 15-2. If the monopoly firm is currently producing Q₄ units of output, then a decrease in output will necessarily cause profit to

• A)remain unchanged.
• B)decrease.
• C)increase if the output is between Q₃ and Q₄.
• D)increase regardless of the new level of output.

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Definitions:

Span of Control

The number of subordinates a manager or leader can effectively manage or control directly.

Chain of Command

The formal line of authority and communication in an organization, showing how orders are passed from top-level management to every level of personnel in the hierarchy.

Unity of Command

A principle in organizational management stating that each employee should receive orders from, and report to, only one superior to avoid confusion and conflict.

Preset Sequences

are predetermined arrangements or patterns of actions, steps, or instructions designed to achieve a specific outcome or execute a procedure.