Control based on the use of pricing mechanisms and economic information to regulate activities within organizations is referred to as ________ control.
A) clan
B) feedback
C) market
D) feedforward
E) bureaucratic
C) market
Market control involves the use of pricing mechanisms to regulate activities in organizations as though they were economic transactions. Business units may be treated as profit centers and trade resources (services or goods) with one another via such mechanisms. Managers who run these units may be evaluated on the basis of profit and loss.
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What are the pitfalls to be avoided in pursuing a broad differentiation strategy?
What will be an ideal response?
Which of the following is true about the matrix structure of organizational design?
a. The matrix structure is developed to combine geographic support for both global integration and local responsiveness. b. Regional managers are solely responsible for the operations and performance of the countries within a given region. c. In the matrix structure, communication problems, confusion, and conflict are minimal. d. Overlapping responsibilities are absent in a matrix structure. e. None of the above.
A ________ is a relationship between two or more persons or corporations set up for a specific business undertaking or a limited time period
A) general partnership B) joint venture C) syndicate D) franchise
Only a foreseeable intervening event can break the connection between a wrongful act and an injury to another.
Answer the following statement true (T) or false (F)