Examlex
The Phillips curve indicates that when the labor market is ________,production costs will ________ and aggregate supply decreases.
Departmentalization
A process of grouping people with related job duties, skills, and experiences into different areas within the overall organizational structure.
Span of Control
A management concept that refers to the number of subordinates a supervisor or manager can effectively manage and control.
Bureaucracy
An organizational style characterized by formalized rules and regulation, specialized routine tasks, division of labor, and centralized authority.
Specialization
The process of focusing on a narrow area of expertise to become more efficient and productive in that area.
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