Match the Following: -Size

question 25

Multiple Choice

Match the following:
-Size

• A)The process of breaking organizational goals into tasks.
• B)The linking of organizational parts, jobs, and roles for coordinated effort.
• C)The number of employees, total assets, or units produced.
• D)Tools, procedures, techniques, information, and machines used to create output.
• E)Area, activities, or people outside the boundaries of an organization

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Definitions:

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of a business to expand or change its output levels.

Industry

A group of companies that produce similar goods or services, engaged in the same type of business.

Variable Costs

Variable costs are expenses that vary directly with the level of production or output, such as materials and labor used in the manufacturing process.

Fixed Costs

Expenses that do not change with the level of output or sales, such as rent, salaries, and insurance premiums.