You Have Learned About the Traditional and New Design Options

question 93

Multiple Choice

You have learned about the traditional and new design options for organisational structures.You have decided that one of the designs developed during the last decade or two is probably the most appropriate for your newly formed organisation. You have decided to hire other organisations to perform many of the basic functions.You have hired an accounting firm to keep your records,a recruiting firm to handle human resource functions,a computer firm to handle all records,and are looking for other areas in which to outsource operations.You have chosen to operate your business as a:

• A)virtual organisation.
• B)matrix structure.
• C)matrix organisation.
• D)team structure.

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Definitions:

Rate of Growth

The pace at which a quantity, such as an economic variable or a population, increases over a specific period.

Population

The total number of individuals within a specific group or area being studied or observed.

Strip Bond

A bond that has had its coupon payments and principal repayment detached and sold separately as zero-coupon bonds.

Compounded Semiannually

A calculation method where interest is applied to the principal plus previously accumulated interest twice per year.