Which form of organization is used by most small to medium-sized firms?
A) Divisional
B) Functional
C) Matrix
D) International
E) Stratified
Answer: B
Explanation: B) Functional structure is a form of organization in which authority is determined by the relationships between group functions and activities; it is based on the use of functional departmentalization at the highest level of the business.
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A leader’s integrity comes into question when ______.
a. he engages in an act of commission b. he engages in an act of omission c. he engages in either an act of commission or an act of omission d. none of these
Which of the following exemplifies a pure competitive market?
A) a market where many buyers and sellers trade over a range of prices rather than a single market price B) a market where a single firm controls the larger fraction of the market share C) a market where a few powerful firms control the larger fraction of the market share D) a market characterized by only a few large sellers E) a market where many buyers and sellers trade in a uniform commodity
The interview format works best when the interviewee is a ______ source.
a. convincing b. credible c. intelligent d. argumentative
________ have allowed new ideas and technology to flow freely around the globe, accelerating productivity growth and allowing U.S. companies to be more competitive than they have been in decades.
A. Virtual teams B. Open borders C. Corporate websites D. International ambassadors