Selecting the Organizational Structure and Controls That Effectively Implement the Chosen

question 124

Multiple Choice

Selecting the organizational structure and controls that effectively implement the chosen strategy is a challenge for managers because:

• A) firms must be flexible while retaining a degree of stability.
• B) managers are never able to obtain all the information necessary to make the best selection.
• C) the structure of a firm should not duplicate the structures of its competitors.
• D) the environment changes too rapidly for corporations to maintain a consistent corporate structure.

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Definitions:

Exchange Rate

the price at which one currency can be exchanged for another, influencing international trade and investment.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Demand

The desire and ability of consumers to purchase goods or services at given prices.

Supply

The total amount of a product or service that is available for purchase at any given price.