Standardization

question 4

Multiple Choice

Standardization:

• A) causes a manager to reduce his or her span of control.
• B) increases the number of managers needed.
• C) enables a manager to increase his or her span of control.
• D) can be used only in a centralized hierarchy.

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Definitions:

Highly Concentrated Wealth

A situation where a significant portion of wealth is held by a very small percentage of the population, leading to economic disparities.

Multinational Corporations (MNCs)

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Overseas Jobs

Employment positions located outside one’s home country, often in a different cultural or economic environment, presenting opportunities for work and travel.

Tax Avoidance

The legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable.