Which concept below is defined as a flow of authority and power from the highest to the lowest levels of the organization?
A. work specialization
B. chain of command
C. span of control
D. departmentalization
B. chain of command
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The computations involved in the net present value method of analyzing capital investment proposals are more involved than those for the average rate of return method
Indicate whether the statement is true or false
What is conflict and what three forms does it take?
What will be an ideal response?
When using the beta distribution for estimating activity times:
A) an advantage is that the mode of the distribution is always equidistant from the end points of the distribution. B) the most likely time estimate can be positioned anywhere between the optimistic and pessimistic time estimates. C) we assume that the standard deviation is one-third the range between the optimistic and pessimistic time estimates. D) the most likely time estimate becomes the mean of the distribution.
What are schemas? Identify four common schemas used by managers.
What will be an ideal response?