A Point Outside a Production Possibilities Curve Reflects

question 117

Multiple Choice

A point outside a production possibilities curve reflects:

• A) efficiency.
• B) an impossible choice.
• C) inefficiency.
• D) unemployment.

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Definitions:

Line of Authority

The hierarchical structure in an organization that outlines reporting relationships and the flow of decision-making power.

Chain of Command

The chain of command is a system in an organization that defines the hierarchical line of authority and communication from top leadership to lower-ranking employees.

Span-of-control

The number of direct reports a manager or supervisor has, influencing the structure and management effectiveness of an organization.

Unity-of-command Principle

A management principle stating that each employee should receive orders from only one superior to avoid confusion and conflict.