Suppose You Start a New Business to Compete with Uber

question 25

Multiple Choice

Suppose you start a new business to compete with Uber. You design an easy-to-use app and arrange for drivers to get paid a percentage for each ride. This is an example of a ____.

• A) cross-functional team
• B) functional chimney
• C) matrix structure
• D) network structure
• E) strategic alliance

Explain the importance of effective communication and engagement in the process of implementing change.

Understand the concept of generational differences and their impact on organizational culture and change.

Identify strategies supervisors can use to build a power base and navigate organizational politics.

Comprehend how power dynamics influence conflict resolution and change management.

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Definitions:

Long-Term Liabilities

Obligations that are not due or payable for a long time, usually for more than a year.

Net Sales

The total revenue from sales reduced by returns, allowances, and discounts.

Gross Profit

The difference between sales revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.

Cost of Goods Sold

The total direct costs incurred in producing goods which are sold, including materials and labor.