According to Chandler, the Critical Transformations That Led to Modern

question 65

Multiple Choice

According to Chandler, the critical transformations that led to modern corporations are:

• A)The development of a line-and-staff structure, and the extension of activities to a broader geographical area
• B)The extension of activities to a broader geographical area, and growth through acquisitions
• C)The development of a line-and-staff structure, and the emergence of functional and later, divisional structures.
• D)The development of divisions and decentralization of power to the lower levels of the organization

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Definitions:

Tax Revenues

Tax revenues are the income that is gained by governments through taxation, crucial for funding public services and governmental operations.

GDP

Gross Domestic Product, a measure of the economic output of a country, representing the total value of all goods and services produced over a specific time period.

Keynesian Economists

Economists who believe that demand-side factors are critical in determining the level of economic activity, advocating for government intervention to manage demand.

Macroeconomic Policy

Strategies and actions taken by a government or central bank to regulate and control the economy as a whole, including fiscal and monetary policies.