Which of the following is true about a hierarchy? a. It ...

[darbym82]

Which of the following is true about a hierarchy?
 a. It primarily acts as a residual claimant.
  b. It is a group of individuals who make decisions.
  c. It is an alternative to independent specialization of individual workers.
  d. It is a group of individuals who hold shares of the company and are entitled to dividends.

Question 2

With economies of scale came
 A) larger families.
  B) simpler business forms.
  C) the need for management structures beyond what a family could offer.
  D) fewer economies of scope.

[sierramartinez]

Answer to Question 1

C

Answer to Question 2

C