The statement above is TRUE. The characteristics of a bureaucracy organization include the following; division of duties into sphere of competence, use of written records, selection on the basis of competence, training for each position, hierarchical arrangement of offices and salary is based on position and the tenure of office. This type of organization is often find in the public sector.
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Answer:
Plan (Plan for to use other firms who specialize in storing and transporting to help him move the product along its path to the final consumer.)
Explanation:
Economics is the study of how individuals and societies make choices under the condition of scarcity.
<h3>What is economics?</h3>
The study of how individuals use resources and respond to incentives by using it in decision-making is known as Economics. It is a vast study that helps us comprehend past trends, analyze current headlines, and forecast future events.
It signifies that the price of the product or service exceeds the supply of that product or service. As a result, scarcity might limit the options available to customers, who make up the economy in the end.
Individuals, organizations, and governments all use economics to understand their behaviors and decisions. It gives people a way to comprehend how people interact in a market-driven society and to analyze how government policies affect them.
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Answer:
C. the skills and knowledge that enable a worker to be productive.
Explanation:
'Human Capital' is the stock of knowledge & skills embodied in people, enabling them to perform labour of economic value. It is considered as 'capital' because skills & knowledge development to become more productive yields better income & standard of living.
Human Capital formation i.e knowledge, skills & productivity enhancement has two crucial components : Education and Health.
Options A, B, D are inapt because : Human Capital is not 'physical capital', 'financial wealth', 'machinery' ; but is rather immaterial knowledge & skill set in people.