Scenario C

question 61

Multiple Choice

Scenario C.Darrell is a clothier whose company,24-7 Activewear,has separate product lines for men,women,and children.He has group his organization into different departments such as production,marketing,and finance.Most of the employees report to two managers-a departmental head and a divisional head.Darrell encourages lower-level managers to make important decisions in order to promote quick and effective decision making.
-From Scenario C,it can be inferred that 24-7 Activewear uses

• A)centralized decision making.
• B)the principle of unity of command.
• C)decentralized decision making.
• D)a narrow span of control.
• E)a wide span of control.

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Definitions:

Human Capital

The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Human Capital Theory

A concept in economics that views employees' skills and knowledge as a form of capital that can be invested in for returns.

Generic Human Capital

Skills and knowledge that are not specific to a particular job or company but can be applied broadly across various industries and roles.

Firm-specific Human Capital

The unique skills and knowledge that employees develop, which are valuable and applicable specifically to the organization they work for.