What is a matrix organization?
What will be an ideal response?
A firm is setup as a matrix organization when it overlaps different subunits. For example, a firm might overlap functional, geographic, and product subunits to gain some advantages. The employees from one subunit are assigned tasks from other subunits and there are many intersecting lines of authority. A good example is nursing, where nurses work with different types of care but are evaluated by the director of nursing. This is also true in defense, construction, and management consulting.
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The idea that business fluctuations are primarily caused by factors affecting aggregate supply rather than aggregate demand is a central tenet of
A. efficiency wage theory. B. mainstream economics. C. real business cycle theory. D. monetarism.
If the real interest rate rises, then the
A) quantity of saving decreases and there is a movement down along the supply of loanable funds curve. B) quantity of saving increases and there is a movement up along the supply of loanable funds curve. C) supply of saving increases and the supply of loanable funds curve shifts rightward. D) supply of saving decreases and the supply of loanable funds curve shifts leftward. E) demand for investment decreases and the demand for loanable funds curve shifts leftward.
How would the market for coffee be affected if the government charged an excise tax of $1.00 on each unit of coffee sold?
A) There would be a shortage of coffee. B) The demand for coffee would increase. C) The demand for coffee would decrease. D) The supply curve would shift up vertically by $1.00.
One possible reason for Wal-Mart's success is that centralized-decision making provides economies of scale that allow it to aggressively bargain down wholesale prices of standard consumer goods
Indicate whether the statement is true or false