Which of the Following Is the First Step in the Organizing

question 86

Multiple Choice

Which of the following is the first step in the organizing process?

• A) establish major tasks
• B) reflect on plans and objectives
• C) allocate resources and directives for subtasks
• D) evaluate results of organizing strategy
• E) divide major tasks into subtasks

---

Definitions:

Price of Capital

The cost of using capital goods in production, often expressed as an interest rate or rental rate.

Total Expenditures

The total amount of money spent by individuals, firms, or the government on goods and services.

Price of Labor

The wage rate or compensation paid to employees for their work, often determined by the dynamics of supply and demand in the labor market.

Isocost Line

A graph showing all possible combinations of inputs that can be purchased for the same cost.