The organizational structure where organizations are structured around a special project or event
a. functional
b. line and staff
c. product
d. matrix
Ans: d. matrix
You might also like to view...
Everything else constant, a stronger dollar will mean that
A) vacationing in England becomes more expensive. B) vacationing in England becomes less expensive. C) French cheese becomes more expensive. D) Japanese cars become more expensive.
Harold Brown runs a company that sells encyclopedia sets for $250 each. When he employs 10 workers, they can sell 60 sets per week, while only 54 sets are sold when 9 workers are employed. What is the weekly marginal revenue product of the tenth worker?
a. $250. b. $1,250. c. $1,500. d. $15,000.
Evidence suggests that the marginal social cost of pollution reduction: a. increases as pollution reduction increases
b. remains constant as pollution reduction increases. c. decreases as pollution reduction increases. d. equals zero since it is beneficial to reduce pollution.
Which of the following most accurately states the economic significance of exchange?
a. Physical goods have value because they exist; exchange can neither increase nor decrease their value. b. Exchange creates value by permitting trading partners to expand total output as the result of specialization in areas where they have a comparative advantage. c. Exchange creates value by moving goods from people who value the goods less to people who value the goods more. d. Both b and c are true.