Employees at Blackrock Had a Mustache Growing Contest

question 16

Multiple Choice

Employees at Blackrock had a mustache growing contest.It cost $20 to enter and $20 to be a judge.After a month the winner was announced and the money donated to the winner's charity of choice.Which bureaucratic characteristic does this violate?

• A) Too many rules
• B) No specialization of labor
• C) No clear chain of command
• D) A narrow span of management
• E) An appropriate social distance between supervisor and subordinate

Understand the factors contributing to productivity growth and their impact on the U.S. economy.

Comprehend the significance of technological advances and their dual impact on labor markets and productivity.

Describe the concept of capital deepening and its relevance to productivity.

Explain the law of diminishing marginal returns and its manifestation in the per-worker production function.

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Definitions:

State Society

A form of human social organization characterized by a formal governmental structure and a clear division of society into classes or groups.

Ethnic Group

A group of people forming a community who have similar cultural heritage or ancestry.

Homogeneous

Characterized by uniformity or similarity, often referring to populations, substances, or areas with little diversity.

Apache Indians

A group of culturally related Native American tribes located in the Southwestern United States, known for their rich cultural heritage and history.