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Refer to the Scenario Below to Answer the Following Questions

question 81

Multiple Choice

Refer to the scenario below to answer the following questions.
Joe the Manager (Scenario)
As a production supervisor, Joe decides on Friday afternoon how many units of output his employees should produce next week, as well as which products will be produced on which days in the department. He also decides which employees are going to be responsible for operating which machines, since all his subordinates are multi-skilled assemblers. On Monday, he hands out work assignment sheets to inform the employees about which machines each will operate for the week. Joe also announces that the schedule will be challenging because of an increase in the targeted number of output units. He encourages his subordinates by telling them that he is confident they will achieve the production targets because they are such hard-working and skilled employees. Then, during the week, he monitors the daily production output and records the number of units that successfully achieved the company's quality standards, as well as the number of units that were unsatisfactory and had to be scrapped.
-When Joe decides how many units of output his employees should produce next week and on which days certain products will be run, he is performing which management function?

Definitions:

Alcoa Case

A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.

Monopoly Structure

A market form where a single firm controls the entire market for a product or service, with no close substitutes.

Treble Damages

A legal principle allowing a court to triple the amount of the actual/compensatory damages to be awarded to a plaintiff.

Four-Firm Concentration

A measure of market concentration that evaluates the total market share of the four largest firms within an industry.