Industrialization Decreases the Importance of Which Type of Authority

question 71

Multiple Choice

Industrialization decreases the importance of which type of authority?

• A)traditional authority
• B)rational-legal authority
• C)charismatic authority
• D)no authority at all

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Definitions:

Marginal Cost

The extra expense involved in making one more unit of a product or service.

Expand Output

The process of increasing the quantity of goods or services produced by a business or economy.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service, a critical concept for decision-making in production and pricing.

Marginal Revenue

The extra income a business earns by selling an additional unit of a product or service.