What Is the First Step in the Organizing Process

question 30

Multiple Choice

What is the first step in the organizing process?

• A)Coordinate activities of different groups and individuals.
• B)Assign activities to specific positions and people and allocate necessary resources.
• C)Determine specific work activities necessary to implement plans and achieve objectives.
• D)Group work activities into a logical pattern or structure.

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Definitions:

Competitive Labor Market

A market where there are many employers and job seekers, and the wages are determined by supply and demand for labor.

Marginal Revenue Product

The additional revenue a firm generates by employing one more unit of input, like labor, in the production of goods or services.

Marginal Product

The additional output that is produced by adding one more unit of a particular input while keeping other inputs constant.

Perfect Competitor

A theoretical market structure where many firms sell identical products, entry and exit are easy, and no single buyer or seller can influence market price.