When an Organization Assigns Specialists to Groups According to the Projects

question 97

Multiple Choice

When an organization assigns specialists to groups according to the projects they are working on, this is called a__________ .

• A) functional structure
• B) product structure
• C) matrix structure
• D) divisional structure

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Definitions:

ATC

Average Total Cost, which is the total cost of production divided by the number of goods produced, representing the per unit cost of production.

AVC

Average Variable Cost is the total variable costs divided by the quantity of output produced; it represents the variable cost per unit of output.

Optimal Plant Size

The scale of production at which a firm can produce goods at the lowest average cost, maximizing efficiency.