__________ Is the Set of Mechanisms Used in an Organization

question 24

Multiple Choice

__________ is the set of mechanisms used in an organization to link the actions of its units into a consistent pattern.

• A) Control
• B) Coordination
• C) Organization
• D) Supervision
• E) Planning

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Definitions:

Factors of Production

Resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Households

Economic units consisting of all the people who occupy a housing unit, making decisions about resource allocation, consumption, and labor supply.

Goods and Services

Physical items (goods) and intangible benefits (services) that fulfill human wants or needs.

Factors of Production

Resources used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.