Lucy Decided to Reorganize the Jobs That Each of the Twelve

question 51

Multiple Choice

Lucy decided to reorganize the jobs that each of the twelve employees would be responsible for.Which of the following organizational principles was Lucy utilizing?

• A) span of management
• B) division of labor
• C) coordination
• D) delegation

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Definitions:

Total Output

The complete quantity of goods or services produced by a firm, industry, or economy within a specified period.

World-Market Price

The internationally agreed-upon price of a commodity, product, or service, influenced by global supply and demand.

International Trade

The trading of goods and services across national borders.

Quantity Supplied

The total amount of a specific good or service that is available to consumers at a current price.