The Graph Shown Portrays a Subsidy to Buyers

question 34

Multiple Choice

The graph shown portrays a subsidy to buyers. Before the subsidy is put in place, buyers bought _______ units and paid _______ for each one.

• A) 100; $46
• B) 100; $30
• C) 150; $40
• D) 150; $24

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Definitions:

Henri Fayol

A French engineer and scholar who developed the general theory of business administration and is best known for his 14 principles of management.

Scalar Chain

A principle of organizational management that establishes a clear line of authority from the top ranks through to the bottom levels within an organization.

Scientific Management

Emphasises careful selection and training of workers, and supervisory support.

Work Methods

The procedures and techniques employed to complete tasks efficiently and effectively in a workplace.