-The Number of Administrators Is

question 23

Multiple Choice

-The number of administrators is:

• A) Always the same as the number of departments
• B) Always smaller than the number of departments
• C) Smaller than or equal to the number of departments
• D) Larger than or equal to the number of departments

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than others with the same resources.

Gain From Trade

The benefit that arises from efficient allocation of resources, allowing parties involved to obtain goods or services they desire at a lower opportunity cost.

Condition

The current state or quality of an item, product, or entity, often used to describe something's appearance, functionality, or working order.

Specialize In Producing

The practice in which individuals, companies, or countries focus on the production of a limited scope of products or services to gain greater degrees of productive efficiency within an overall system.