Which of the Following Is a Characteristic That Is Needed

question 9

Multiple Choice

Which of the following is a characteristic that is needed for decentralization to work well in an organization?

• A) Clear lines of authority
• B) Responsibility
• C) Good communication
• D) All of these are correct answers.

Understand how changes in input prices affect firms' resource allocation decisions.

Analyze the relationship between labor demand and the marginal revenue product of labor.

Understand the concept of labor demand elasticity and how it responds to wage changes.

Identify the factors that affect the elasticity of resource demand, including substitutes and proportion of total costs.