In Less Than Two Years,Eric Is Promoted to a Management

question 44

Multiple Choice

In less than two years,Eric is promoted to a management position with five subordinates reporting directly to him.What about Eric's position has changed?

• A)unity of command
• B)chain of authority
• C)increased formalization
• D)hierarchy of responsibility
• E)span of control

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Definitions:

Finite

Something that has limits or bounds; having a definite end or duration.

Profit Rate

The ratio of profits generated to the amount of capital or investment, indicative of the financial health and efficiency of an entity.

Demand And Supply

Fundamental economic concepts that describe the amount of a product or service available for sale (supply) and the desire of buyers for it (demand), influencing its price.

GDP

Gross Domestic Product; the total value of all goods and services produced over a specific time period within a country's borders, used as a broad measure of economic performance.