When Developing an Organizational Chart, You Should

question 105

Multiple Choice

When developing an organizational chart, you should

• A) recommend dual titles for executives.
• B) use the title "president" for the top executive of the firm.
• C) make sure that the chief financial officer is not at the same level as the chief operating officer (COO).
• D) have division presidents report to a chief operating officer (COO).
• E) have employees report to more than one person in the chain of command.

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Definitions:

Resource Endowments

The natural, human, and capital resources that a country or region possesses, determining its economic potential and development opportunities.

Technological Capabilities

Refers to the knowledge, equipment, and processes that an organization has at its disposal to develop new products or improve existing ones.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.

Fewer Resources

Fewer resources refer to having a limited quantity of inputs or materials available for production or consumption compared to what is needed or demanded.