If a Company Needs a High Level of Coordination Among

question 62

Multiple Choice

If a company needs a high level of coordination among group members,

• A)it is better for top- management team members to have similar backgrounds.
• B)top management should be organized in a circle configuration.
• C)it is better for top- management membership to continuously change.
• D)top management should be organized in a wheel configuration.

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Definitions:

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Consumer Sovereignty

The principle that the consumer's preferences determine the production of goods and services within an economy.

Market System

An economic system where decisions regarding investment, production, and distribution are guided by the forces of supply and demand and prices mediate transactions.

Production Decisions

The process of determining what goods or services to produce, how much, and by what method.