ABC Insurance Company Hired a Manager for Their Operations Team

question 64

Multiple Choice

ABC insurance company hired a manager for their operations team. The manager divided the job activities among his team members by examining the management system objectives, designating appropriate activities that must be performed to reach those objectives, designing specific jobs by grouping similar activities, and making specific individuals responsible for performing those jobs. Which method is the manager using to divide job activities?

• A) functional similarity
• B) overlapping responsibility chart
• C) process control
• D) centralization
• E) Robert's Rules of Order

---

Definitions:

Indifference Curves

Indifference curves are graphical representations used in microeconomics to demonstrate a consumer's preferences for various combinations of two goods, keeping satisfaction constant.

Horizontal Axis

A reference line on a graph or chart running left to right, typically used to represent the independent variable or basis of comparison.

Vertical Axis

In a graph or chart, the vertical line that usually shows the scale of values for the variable measured.

Utility Function

A mathematical representation in economics that explains how individuals rank preferences or choices to maximize satisfaction.