Functional Departmentation May Be Based on Division of the Organization

question 289

Multiple Choice

Functional departmentation may be based on division of the organization according to

• A)different products.
• B)different skills and responsibilities of individuals.
• C)different geographic areas.
• D)different customer types.
• E)different services offered to external customers.

Comprehend the role of substitutes and budget portion on elasticity.

Understand the impact of cultural dimensions on workplace behavior and attitudes.

Identify and describe the characteristics of various cultural values (e.g., masculinity vs. femininity, individualism vs. collectivism).

Appreciate the importance of cultural intelligence in managing culturally diverse work environments.

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Definitions:

Workers

Individuals engaged in any form of economic activity or employment, contributing labor for the production of goods and services.

Marginal Product

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Total Product

The total quantity of output produced by a firm or economy with a given amount of inputs.

Diminishing Returns

An economic principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.