In Certain Organizations,the Normal Procedure for Dealing with Any Matter

question 64

Multiple Choice

In certain organizations,the normal procedure for dealing with any matter lying outside the boundaries of one individual's functional responsibility is handled one of two ways. One is to refer it to the point in the system where such responsibility is known to reside. Failing that,the matter is brought before one's superior. What type of organization is described?

• A)centralized  
• B)mechanistic  
• C)departmentalized  
• D)organic

Understand the basic principles of supply and demand in the labor market.

Analyze the impact of changes in demand and supply on wages and employment.

Understand the relationship between resource prices and the cost of goods and services.

Evaluate the effects of technological advancements on employment and wages in various industries.

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Definitions:

Tax Base

The tax base is the total amount of income, property, assets, or other wealth that is subject to taxation by a taxing authority.

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed, indicating the impact of each additional dollar of income on taxes owed.

Additional Income

Extra earnings obtained beyond the regular sources of income or revenue.

Proportional Tax

A tax whose burden is the same proportion of income for all households.