Sumner Redstone Heads This Conglomerate, Which Owns Paramount Pictures, Showtime

question 34

Multiple Choice

Sumner Redstone heads this conglomerate, which owns Paramount Pictures, Showtime, MTV, Nickelodeon, and Comedy Central.

• A) Comcast
• B) Sony
• C) Viacom
• D) Disney

Recognize the significance of span of control and its impact on organizational structure.

Identify the effects of formalization and decentralization in organizational structures.

Distinguish between various forms of departmentalization and their suitability to organizational goals.

Understand how organizational size, age, and environment influence structure and management style.

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Definitions:

Availability of Substitutes

The presence of alternative products or services that can satisfy the same needs or wants as the original product.

Own Price Elasticity

Measures the responsiveness of the quantity demanded of a good to a change in its own price.

Anne's Apple Pies

A fictional or specific business entity known for producing or selling apple pies.

Market Share

The portion of a market controlled by a particular company or product.