The Acme Corporation Is Expanding Operations into Countries Outside the United

question 124

Multiple Choice

The Acme Corporation is expanding operations into countries outside the United States.To improve local managers' responsiveness to local conditions,Acme's senior management has decided to delegate decision-making authority further down the chain of command.Acme is

• A) building a marketing-oriented organization.
• B) empowering employees.
• C) centralizing.
• D) decentralizing.
• E) making a serious error.

---

Definitions:

Labor Skills

The abilities and expertise that workers possess, which can affect their productivity, efficiency, and the quality of work produced.

Capital

Financial assets or resources that individuals or businesses use to invest, produce, and create economic value.

Technology

The technological knowledge available in an economy at any given time. The level of technology determines the amount of output we can generate with our limited resources.

Law of Comparative Advantage

The principle that a country should specialize in producing and exporting goods in which it has the lowest opportunity cost compared to others.