As the Number of Employees Increases, the Organization Tends to Have

question 22

Multiple Choice

As the number of employees increases, the organization tends to have:

• A)more job specialization.
• B)more elaborate coordinating mechanisms.
• C)more standardization rather than just informal communication as a coordinating mechanism.
• D)more decentralization.
• E)all of the above.

Understand the regulatory framework of banking and its impact on bank operations and stability.

Recognize the practical applications and implications of monetary concepts on personal finance decisions.

Explain the mechanisms in place to prevent bank panics and ensure the stability of the banking system.

Understand the basic concepts and definitions of standard costing, including direct labor, efficiency standards, and standard costs.

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Definitions:

Variable Cost

Expenses that change in proportion to the activity of a business, such as cost of goods sold or materials costs.

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.

Activity Level

A measure of the volume of production or operations, often used to plan and control various business activities.

Period Costs

Expenses that are not directly tied to the production of goods and are expensed in the period in which they are incurred.