Drake Works on a Cross-Functional Team in a Matrix Organization

question 42

Multiple Choice

Drake works on a cross-functional team in a matrix organization. He is a member of the finance department, and his boss is the VP of Finance, but Drake's team is run by a project manager. What is the downside to this matrix structure?

• A) managers may feel isolated and lack resources
• B) there is increased flexibility and collaboration
• C) lines of communication may be blurred and conflicts are harder to solve
• D) the staff managers have no authority over line employees

Understand the principles of offer and acceptance in contract formation.

Identify the conditions under which an advertisement constitutes an offer or an invitation to treat.

Recognize the role of consideration and intention in establishing a legal relationship.

Distinguish between unilateral and bilateral contracts.

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Definitions:

Activity Rate

The cost driver rate in activity-based costing used to assign costs to cost objects, based on each cost object's usage or creation of costs.

Processing Activity

Refers to operations or work performed in a systematic sequence to alter materials or information.

Activity-Based Costing

An accounting method that identifies and assigns costs to specific activities, making it easier to accurately measure the cost and performance of particular activities.

Machine-Hours

A measure of production time that refers to the number of hours a machine is in operation.