An Advantage of Functional Structures Is The

question 85

Multiple Choice

An advantage of functional structures is the:

• A) resulting economies of scale.
• B) enlarged tasks for employees.
• C) easy pinpointing of responsibility for product problems.
• D) development of general management skills.
• E) flexibility in an unstable environment.

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Definitions:

Marginal Product

The additional output resulting from one more unit of a certain input.

Population

The total number of people residing in a specific area or country at a given time.

Derived Demand

The demand for a factor of production or intermediate good that occurs as a result of the demand for another good or service.

Labor

Human effort used in the production of goods and services.