Refer to Figure 16

question 115

Multiple Choice

Refer to Figure 16.3.A shift from AS₃ to AS₂ could be caused by

• A)A decrease in government spending.
• B)A decrease in the money supply.
• C)An increase in the marginal tax rate.
• D)An increase in the investment in human capital.

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Definitions:

Formal Structures

The officially designated channels of communication and authority within an organization, typically outlined in organizational charts and manuals.

Line Units

Are workgroups that conduct the major business of the organization.

Accounting

The systematic recording, analyzing, and reporting of financial transactions pertaining to a business.

Unity of Command

This principle asserts that each employee should receive orders from only one superior to avoid confusion and conflicts in command.