Ray is employed by Perpetual Products. Recently, Perpetual has grown too broad to be managed the way it always has been, so the company has implemented a matrix structure in response to its changing needs. Define matrix structure. Identify one strength and one weakness of such a structure from Ray's viewpoint.
What will be an ideal response?
Student answers will vary but should demonstrate understanding of matrix structures and their advantages and disadvantages. A sample answer follows.
Matrix structures are more complex forms of organizational design that try to take advantage of two types of structures at the same time. Ray will be able to gain more information to help him make decisions since he is working with two different groups. Ray will likely be more stressed because he will have to report to two different bosses and meet two sets of requirements.
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A company's income statement disclosed $45,000 of investment revenue on equity method investments. The company did not purchase or dispose of any such investments during the year, yet the equity method investments account increased $30,000 during the year. What is the complete disclosure of these events in the statement of cash flows prepared under the indirect method?
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a. Mean time to repair (MTTR) b. Mean time to failure (MTTF) c. Mean time between failures (MTBF) d. Mean time between repairs (MTBR)
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American employees now put in less time at work than they did 20 years ago.
Answer the following statement true (T) or false (F)