How can firms counter the weaknesses of the functional structure?
A) By eliminating the number of functional boundaries.
B) By allowing employees to become focused only on departmental goals.
C) By using cross-functional teams to coordinate efforts across functional boundaries.
D) By limiting the coordination and control between geographically dispersed areas.
E) By decentralizing decision making by top management.
Answer: C
Explanation: Firms that use functional structures often try to counter these weaknesses by using cross-functional teams to coordinate efforts across functional boundaries, as you'll see later in the chapter.
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Which of the following line items would appear on the income statement of a company that uses the periodic inventory system, but not on that of a company that uses the perpetual inventory system?
A) Net Sales Revenue B) Cost of Goods Sold C) Cost of Goods Available for Sale D) Operating Expenses
Answer the following statements true (T) or false (F)
1. One of the characteristics of the inbound supply chain for many projects is that it is short. 2. Doing a root cause analysis of why a project failed is one of the four fundamental steps needed to create and manage a project supply chain. 3. Potential benefits of the project to the company is included in calculating earned value. 4. Schedule efficiency refers to how closely the project’s progress is tracking relative to its original plan. 5. The need for more face-to-face meetings is an implication resulting from the increasingly global nature of projects and project teams.
A good example of ________ is the family units in a South Pacific island nation making all the products they consume.
A. a command economy B. a micro-marketing system C. a pure subsistence economy D. a market-directed economy E. None of these is a correct answer.
Every state has a statute that stipulates what types of contracts must be in writing
Indicate whether the statement is true or false