The Use of Specialization to Produce More and Better Work

question 104

Multiple Choice

The use of specialization to produce more and better work with the same level of effort is consistent with the administrative management principle of:

• A) unity of command.
• B) unity of direction.
• C) scalar chain.
• D) division of work.
• E) none of these

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Definitions:

Net Capital Cost

The total cost of purchasing an asset including acquisition costs but net of any deductions, rebates, or subsidies.

Weighted Average Cost of Capital (WACC)

This is the average rate of return a company is expected to pay its security holders to finance its assets. WACC is the minimum return that a company must earn on an existing asset base to satisfy its creditors, owners, and other providers of capital.

Terminal Cash Flow

The final net cash flow in a series of cash flows, representing the net amount received or paid at the conclusion of a project or investment period.

Annual Operating Cash Flows

The amount of cash generated by regular business operations in a given year.