To be effective, the ________ approach to departmentalization requires proper management of all the issues surrounding decentralization and delegation.
A. mechanistic
B. bureaucratic
C. functional
D. network
E. product
Answer: E
You might also like to view...
Identify the correct statement about marketing management
A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a company's products and services. C) It focuses solely on attaining an organization's sales goals in an efficient manner. D) It is defined as the field that deals with planning and managing a business at the highest level of corporate hierarchy. E) It occurs when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties.
Data is useful for understanding individual sales, but to gain deeper insight into a business, data needs to be turned into information. Which of the following offers an example of turning data into information?
A. What is my best-selling product? B. What is my worst-selling product? C. Who are my best customers? D. All of these.
Investing in a futures contract:
A. guarantees the buyer a profit on the contract. B. can be offset by taking an opposing position. C. guarantees a sale but not a sale price. D. creates a gain for one party without causing a loss for the other party. E. can be profitable for both the buyer and the seller simultaneously.
Which of the following statements is true when referring to fixed costs?
A. Fixed costs increase in total throughout the relevant range. B. As volume increases, unit fixed cost and total fixed cost will change. C. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. D. Committed fixed costs arise from the annual decisions by management.