Simplify the four types of organizational structures discussed in the textbook.
What will be an ideal response?
*Simple Structures are more common in small organizations where is there is one central authority figure,
usually a business owner, who tends to make the decisions
*Functional Structures group employees according to the tasks they perform for the organization, such as
marketing, finance, and human resources
*The Divisional Structure—sometimes called multidivisional structure—groups employees by products
and services, by geographic regions, or by customers
*The matrix structure is an organizational structure that combines both functional and divisional
departmentalization, with dual lines of authority
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An umbrella manufacturing company's fixed costs are $275,000. The variable cost per unit is $5 and each umbrella is sold at $10. How many units should the firm sell in order to break even?
A) 1,819 B) 5,500 C) 18,000 D) 27,500 E) 55,000
Computer mapping involves merging internal customer data with external geographic, demographic, and lifestyle data on the same customers
Indicate whether the statement is true or false
Listening contributes to employee engagement, creating a culture where employees feel passionate about their company and are enthusiastic about their jobs.?
Indicate whether the statement is true or false
________ is the practice of sharing with employees at all levels of an organization vital information previously meant for management's eyes only.
A. Open-book management B. Blogging C. Micromanagement D. Job sharing E. Crowdsourcing