Which of the Following Is an Advantage of a Large

question 42

Multiple Choice

Which of the following is an advantage of a large organization?

• A)Ability to move fast
• B)Ability to target market niches
• C)Reduction of bureaucracy
• D)Easier access to capital
• E)Greater employee involvement

Identify the historical development of intelligence testing.

Distinguish between different types of intelligence as per various psychological theories.

Understand the principle of mental age and its role in determining IQ.

Know who contributed to the development of the intelligence quotient concept.

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Definitions:

Planning Budget

A budget prepared before a period begins, reflecting expected revenues, expenses, and other financial transactions based on forecasted activities and conditions.

Employee Salaries

Regular payments made to employees for their services, which may be fixed amounts as per employment contracts, not directly tied to the volume of output they produce.

Fixed Cost

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Planning Budget

A budget prepared before a period begins based on management's objectives and estimated revenues and expenses.