As Brett Prepares to Open His New Business, He Has

question 358

Multiple Choice

As Brett prepares to open his new business, he has identified the tasks that need to be accomplished and has assigned employees to each task. This illustrates:

• A) management departmentalization.
• B) division of labor.
• C) specialization of priorities.
• D) mass production economies.

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Definitions:

Field Support Function

Assistance and resources provided to operational units or personnel in the field to facilitate the execution of their tasks and missions.

Diplomatic

Pertaining to the conduct by government officials of negotiations and other relations between nations or handling affairs without arousing hostilities.

Timmons Model

A framework for understanding and planning new business ventures that balances opportunity, resources, and team.

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various price levels.