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You have divided the jobs performed by your department through work specialization and are now trying to decide how to best group these jobs to improve efficiency and customer service. You are considering whether to group activities by function, product, process, geography, or customer.
-You have decided that since you are a novice at departmentalization, you will go with the most popular method. You will probably choose ________.
Work and Leisure
Describes the balance between the time and effort spent in gainful employment and the time spent in recreational activities or rest.
Second Best
Refers to a situation wherein the optimal condition cannot be achieved, and the best possible alternative under the given restrictions is adopted.
Previously Existing Distortions
Inefficiencies or imperfections already present in a market before a new policy or change was implemented.
Distortionary Tax
A tax that causes people to alter their behavior and economic decisions from what they would have chosen in the absence of the tax.
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