One of the Major Difficulties in Determining the Costs and Benefits

question 109

Multiple Choice

One of the major difficulties in determining the costs and benefits of big public projects is

• A) determining the discount rate.
• B) measuring the nonmarket aspects of the projects.
• C) deciding who will pay for the projects.
• D) computing the net present value of the current project.

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Definitions:

Mechanistic

Describes organizational structures or systems that are highly formal, centralized, and governed by strict procedures and hierarchies.

Organic

Characterizing organizations or systems that are flexible, adaptive, and decentralized in nature.

Horizontal Specialization

Refers to the division of labor where tasks are subdivided into smaller, specialized tasks across a horizontal plane within an organization.

Personal Coordination

The process of organizing one's actions, tasks, and responsibilities to achieve personal goals or efficiency.