Author Question: A payment for a resource above its opportunity cost is known as: a. an interest payment. b. a sunk ... (Read 89 times)

ahriuashd · **on:** Jun 30, 2018

A payment for a resource above its opportunity cost is known as:
a. an interest payment.
b. a sunk cost.
c. featherbedding.
d. an economic rent.

Question 2

Identify a disadvantage of organizational charts.

helenmarkerine · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

d

Answer to Question 2

An organization chart only shows channels of formal authority. It does not contain information
about important informal relationships which may influence decision making. Equals on the chart may be unequal in practice, informal departmental alliances may affect decision making, and lower-level persons or departments can importantly influence decisions made at higher levels.