The Product-Management Organization Replaces the Functional Organization in the Firm

question 25

True/False

The product-management organization replaces the functional organization in the firm.

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Definitions:

Workforce

The collective group of individuals engaged in or available for work, either in a specific area or in a particular industry or occupation.

Advantages

Benefits or favorable traits that give something or someone a superior position or condition compared to others.

Respondeat Superior

A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Computer Software

Programs and operating information used by a computer, encompassing both applications and the operating system.