Which of the Following Statements Is True Regarding a Matrix

question 85

Multiple Choice

Which of the following statements is true regarding a matrix structure?

• A) A matrix structure has a clearly defined hierarchy of authority.
• B) An organization using a matrix structure can quickly respond to changing needs of customers.
• C) A matrix structure is characterized by clearly defined roles.
• D) Organizations with matrix structures tend to have the tallest hierarchies.

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Definitions:

Income Statement

A fiscal report displaying a business's incoming funds, outgoings, and profit for a designated time frame.

Relevant Range

The span of activity level within which the assumptions about variable and fixed cost behaviors hold true.

High-low Method

A technique used in managerial accounting to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and the associated costs.

Variable Cost

A cost that varies directly with the level of production or volume, such as materials and labor directly involved in the production process.