Graicunas's Formula Is as Follows: C = N

question 2

Multiple Choice

Graicunas's formula is as follows: C = n( + n- 1) .What does C stand for in this formula?

• A)the total number of departments possible in an organization
• B)the appropriate number of subordinates a manager can have
• C)the appropriate number of levels an organization can have
• D)the total number of possible relationships between manager and subordinates
• E)the degree of the difficulty in coordinating a certain number of subordinates

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Definitions:

Opportunity Cost

The benefit foregone by choosing one alternative over another.

Cash Outlay

The actual expenditure of cash or cash equivalent for purchases or services.

Alternative Investments

Financial assets that do not fall into the conventional categories of stocks, bonds, or cash, including commodities, real estate, and hedge funds.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choice.