Generally Speaking, a Narrow Span of Management Implies That the Height

question 5

Multiple Choice

Generally speaking, a narrow span of management implies that the height of the organization will be ____; a wide span of management implies that the height of the organization will be ____.

• A) tall; flat
• B) tall; sloped
• C) flat; tall
• D) short; tall
• E) long; short

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Definitions:

Price

The amount of money that must be paid to acquire a given product or service.

Quantity Demanded

The amount of a product that buyers are willing and able to purchase at a given price.

Excess Supply

The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Price

is the amount of money required to purchase a good or service, serving as the exchange rate between money and the good or service.