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Which managerial function involves designing the organization's or workgroup's structure,identifying what tasks need to be done,hiring the right people,delegating and assigning each task,establishing a chain of command,and creating rules for communication and decision making?
Redistribution of Income
The transfer of income from certain individuals or groups to others through mechanisms like taxes and social security payments, aiming to reduce economic inequality.
Utilitarians
Individuals or philosophers who believe that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.
Sum of Utilities
The aggregate measure of satisfaction or benefit that individuals get from consuming goods and services.
Liberalism
The political philosophy according to which the government should choose policies deemed just, as evaluated by an impartial observer behind a “veil of ignorance”.
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