4- Which of the following statements about matrix organization is true? a. It involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority b. It creates an environment in which the unity-of- command principle is strictly followed c. It is composed of dual reporting relationships in which some employees report to two superiors d. It is a collection of independent, mostly single- function firms that collaborate to produce a good or service. e. It results in a centralized decision-making system

4- Which of the following statements about matrix organization is true? a. It involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority b. It creates an environment in which the unity-of- command principle is strictly followed c. It is composed of dual reporting relationships in which some employees report to two superiors d. It is a collection of independent, mostly single- function firms that collaborate to produce a good or service. e. It results in a centralized decision-making system

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Q: Question 2: Maplewood Confections is a wholesale pastry producer that supplies desserts like tarts…

A: Question 1:In Lou's cab service scenario, the average waiting time for a customer from the moment…

Q: Which of the following describes the rate a guest accepts at your hotel that does not include any…

A: In the dynamic world of hospitality, setting and managing room rates is a critical aspect of hotel…

Q: Question 1 Rangaswamy owns 50 acres of land in the Hassan district of Karnataka on which he grows…

A: From the given data, the following excel model can be formulated. Excel model:

Q: 1. If your supplier becomes more profitable, Group of answer choices : A. Unless there are…

A: When a certain industry is not a large consumer for the suppliers, the profitability of the…

Q: (Write your response to the customer as if you were a COp at Monzo who had just picked up a call…

A: Customer queries and concerns should be resolved by the firm at any cost. It enhances goodwill.…

Q: In the context of account classification, which of the following is a benefit of single-factor…

A: When it comes to account classification, the selection of an analysis methodology is essential for…

Q: Which of the following is not one of the tripartite components of the federal government?…

A: The government system and laws are significant components for keeping everything under control,…

Q: Question 2 Alpha Electronics (AE) is a large manufacturer of electronics products. The company sells…

A: (a)

Q: what is the implication of ERG theory of alderfer

A: ANSWER: This theory of motivation means the fulfilling of a need at a time. The hierarchy of these…

Q: A decrease of enter your response here% in supply-chain costs is required to yield a profit of…

A: It is given that the initial profit is $22,400 and desired profit level is $32,400.

Q: For which of the following should fidelity bonds be purchased? Question 5 options: general…

A: In corporate terms, a bond generally represents a debt obligation. The individual or entity that…

Q: 43 Basic break-even analysis typically assumes that: Select one: a. costs increase in…

A: Understanding Basic Break-Even AnalysisBreak-even analysis is a fundamental financial tool used by…

Q: Your company has developed a new energy drink and you are trying to decide whether to sell the…

A: Decision analysis is a structured approach to decision making. Decision Making With Probabilities…

Q: QUESTION 14 What is a risk that a CMBS investor faces that an agency MBS investor avoids? A. Default…

A: The risk that a lender assumes in the event that a borrower is unable to make the appropriate…

Q: Kerrigan Corporation announced on November 1, 2021 that company's CEO has been terminated and that…

A: Kerrigan Corporation is facing a decrease in profits over the last several years. The company has…

Q: - QUESTION 1 Green Tea 4 Life Ltd has requested your help in preparing their financial statements as…

A: In this scenario, Green Tea 4 Life Ltd, as the lessee, is required to recognize both the…

Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

None

4- Which of the following statements about matrix
organization is true?
a. It involves holding employees together by
contracts that stipulate results expected, rather than
by hierarchy and authority
b. It creates an environment in which the unity-of-
command principle is strictly followed
c. It is composed of dual reporting relationships in
which some employees report to two superiors
d. It is a collection of independent, mostly single-
function firms that collaborate to produce a good or
service.
e. It results in a centralized decision-making system

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions

Question 5 Catherine purchased a segregated fund 12 years ago with a 10-year maturity and death benefit guarantee. She has conducted no transactions since then, and when she looks at her annual statement, she realizes that the market value of her fund is higher than the guarantee. She starts checking her annual statements of previous years and realizes for the first time that the market value in the 10th year was below the guarantee to which she was entitled. Is Catherine entitled to the guarantee top-up for the 10th year of the contract? a) Yes, it was automatically deposited in her account b) Yes, but it will be paid only on expiration of the contract c) No, because it's too late to claim d) No, there was no disposition to this effect.
chapter 3 2. Given this information, what is the profit dollars? Round your answer to the dollar and add a dollar sign and comma separator (i.e. $15,467) Net Sales $561,800 Cost of Goods Sold 275,280 Expenses 253,936
Question 3 The Canadian government usually runs A surplus An export surplus O A deficit A debt
1. Explain (2) possible risks of working at a fuel supply plant 2. Explain The important of training for those working at a fuel supply plant.
Which of the following attorney's fees would not be deductible? Check all that apply!! Question 4 options: Attorney's fee paid by a sole proprietor to assist in collecting delinquent accounts Attorney's fee paid for preparing a title opinion and handling a closing pursuant to the purchase of a personal residence. Attorney's fee paid for preparing a title opinion and handling a closing pursuant to the purchase of a rental property. Attorney's fee paid for the purpose of preparing a Last Will and Testament. Attorney's fee paid by a landlord to assist in the eviction of tenants Attorney's fee paid to handle a defense of a business related criminal charge