We-Train-Em Has Hired You to Develop Training Materials for Their

question 44

Multiple Choice

We-Train-Em has hired you to develop training materials for their seminars.Your first assignment is to write a training manual that will assist new managers in designing an appropriate structure for their part of an organisation.Included in the manual will be information about the key questions that they must answer in deciding about the best organisational structure. One of the questions included in the training manual is,"To what degree are tasks subdivided into separate jobs?" This question addresses the issue of:

• A)formalisation
• B)work specialisation
• C)chain of command
• D)span of control

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Definitions:

Herfindahl-Hirschman Index

A measure of market concentration that is calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Squared Market Shares

A measure used in the analysis of market concentration, calculating each firm's market share squared and summing them to assess competitive environments.

Industry

An industry is a group of companies that operate in a specific sector of the economy, often producing similar goods or services.

Cartel

An agreement among several producers to obey output restrictions in order to increase their joint profits.