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Chain of Command Is a Key Element of an Organization's

question 5

Multiple Choice

Chain of command is a key element of an organization's structure. Which of the following key questions is addressed by this element?


Definitions:

Absolute Advantage

Absolute advantage refers to an individual's, firm's, or country's ability to produce more of a good or service than competitors, using the same amount of resources.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Increasing Returns

A situation in economics where an increase in the scale of production leads to a more than proportionate increase in output, often due to efficiencies gained.

Trade Pattern

The general flow of import and export transactions between countries or regions.

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