Which of the Following Is True of Horizontal Structuring

question 41

Multiple Choice

Which of the following is true of horizontal structuring?

• A) It involves following a strict chain of command.
• B) It determines where in a hierarchy a company's decisions are made.
• C) It reflects the way a company decides to subdivide itself.
• D) It involves clearly defining job responsibilities.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Long-Run

A period of time in economics where all factors of production and costs are variable, allowing full adjustment to market changes.

Short-Run

A period of time during which at least one input, such as plant size, cannot be changed; contrasts with the long-run where all inputs are variable.

Marginal Cost

Marginal cost is the additional cost incurred from producing one extra unit of a good or service, an important concept in economics for determining optimal production levels.