The Assignment of Different Tasks to Different People or Groups

question 26

Multiple Choice

The assignment of different tasks to different people or groups in an organization is known as

• A)unity of command.
• B)integration.
• C)division of labor.
• D)concentration.
• E)centralization.

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Definitions:

Nominal Exchange Rate

The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.

Rand

The official currency of South Africa, symbolized as ZAR.

Trade Balance

A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.

Imports

Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.