As an Element of the Organizing Function, _____ Allows Leaders

question 25

Multiple Choice

As an element of the organizing function, _____ allows leaders as managers to align and integrate personnel activities and organizational units.

• A) specialization
• B) standardization
• C) coordination
• D) authority
• E) cost-benefit analysis

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Definitions:

TC

Total Cost, which is the total expense incurred in reaching a particular level of output.

Profit-Maximizing

The act of adjusting production and sales to achieve the highest possible profit under given market conditions.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Profit

The financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.