A Formal Chain of Command, the Standardization of Rules and Procedures

question 57

Multiple Choice

A formal chain of command, the standardization of rules and procedures, and the use of cross-functional teams and computer networks so that there is frequent communication and coordination of the parts are the means for achieving

• A) higher sales through analytics.
• B) a common goal through integration.
• C) lower costs through efficiency.
• D) higher profits through goal setting.
• E) differentiation through specialization.

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Definitions:

Exports

Exports refer to goods or services sent from one country to another for sale or trade, contributing to a nation's gross domestic product.

Trade Deficit

An economic measure of a negative balance of trade where a country's imports exceed its exports over a given period.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for a unit of another currency.

Trade Flow

The movement of goods and services across borders, representing the import and export activities between countries.