Which One of These Is Not One of the Basic

question 49

Multiple Choice

Which one of these is not one of the basic functions of an organization?

• A) Provide a route and locus of decision making
• B) Provide return on investment for all parties
• C) Provide a system for reporting and communication
• D) Provide a system for coordination

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Definitions:

Manufacturing Plant

A facility where raw materials are transformed into finished products through various processes and machinery, typically involving assembly lines and specialized equipment.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping due to the law of demand.

Cost Function

A mathematical relationship that describes how the costs incurred by a company vary with the level of output or production.

Cartel Arrangement

An agreement among competing firms in the same industry to control prices, limit output, or divide markets, in order to maximize profits collectively.