Is a Management Principle Holding That a Supervisor Can Effectively

question 35

Multiple Choice

is a management principle holding that a supervisor can effectively oversee only a limited number of subordinates.

• A) Unity of command
• B) Span of control
• C) Chain of command
• D) Hierarchical command

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Definitions:

Profit Maximizing

A company's strategy aiming to achieve the highest possible profit given its products, market conditions, and operational costs.

Units of Output

The individual items or quantities of service produced by a company, sector, or economy.

Demand Curve

A visual representation that shows the relationship between the price of a product and the quantity of it that consumers are willing and able to purchase at various prices.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.