There Are Three Sectors of Economic Activity: the Primary Sector

question 60

True/False

There are three sectors of economic activity: the primary sector, the secondary sector, and the service sector.

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Definitions:

Narrow Span of Management

An organizational structure where managers supervise a small number of subordinates, allowing for more detailed oversight and personalized management.

Proximity

The state of being near or close in space, time, or relationship, often impacting decision-making or behavior in various contexts.

Matrix Structure

A structure that sets up teams from different departments, thereby creating two or more intersecting lines of authority; also called a project management structure.