Span of Management Refers to ________

question 77

Multiple Choice

Span of management refers to ________.

• A) the number of levels in an organization
• B) the number of organizational levels above an individual
• C) the number of organizational levels below an individual
• D) the number of bosses an individual has
• E) the number of individuals a manager supervises

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Definitions:

Allocation Of Resources

The process of assigning available resources, or inputs, to specific uses chosen among many possible and competing alternatives in order to achieve goals.

Income Distribution

The manner in which a nation’s total earnings are divided among its population, affecting economic equality.

Self-Interest

The motivation driving individuals to pursue their own advantages or benefits, often used in economic contexts to explain rational behavior.

Command Economies

Economic systems where the government or a central authority makes all decisions regarding production and distribution of goods and services.