Which of the Following Is a Coordinating Mechanism

question 55

Multiple Choice

Which of the following is a coordinating mechanism?

• A)Informal communication
• B)Formal hierarchy
• C)Standardization
• D)All of these are coordinating mechanisms.
• E)None of these are coordinating mechanisms.

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Definitions:

Labor Hire

The process of employing individuals or workers, typically for temporary or contractual tasks or projects.

Elastic Supply

Elastic supply refers to a situation where the quantity of goods supplied to the market can quickly increase or decrease in response to changes in price.

Short Run

A period in which at least one input is fixed and cannot be changed by the firm.

Marginal Product of Labor

The extra output produced by adding one more unit of labor, holding other inputs constant.