Examlex
What are the three groups of managerial roles as identified by Professor Mintzberg? Summarize how they differ.The three groups are interpersonal,informational and decisional.Interpersonal is primarily concerned with interpersonal relationships and interacts with people outside the organization to get information relevant to the organization.The informational group is primarily concerned with the information aspects of managerial work.The decisional group places the manager at the center of organizational decision making,whether choosing how the organization will expend its efforts,negotiates on behalf of the organization or initiates change.Easy;Comprehension
Output
In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.
Function
A relation between a set of inputs and a set of permissible outputs, specifying a single output for each input.
Production Function
An equation that describes the relationship between the quantities of productive factors used and the amount of product obtained.
Returns To Scale
Describes how the output of a production process changes as all inputs are scaled up or down by the same proportion.
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