Examlex
Which of the following is likely to reduce the total efficiency units of labor in an economy?
Obligation
A duty or commitment that an individual or organization is bound to fulfill, often due to legal, moral, or social reasons.
Centralized
A system or organization structure where decision-making authority is concentrated at a single point, usually at the top hierarchical level.
Vertically Integrated
A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer also controls the distribution and retail levels of their product.
Centralized
An organizational structure where decision-making authority is concentrated at the top levels of management.
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