As a Manager Working Directly Under the Company President, Chloe

question 29

Multiple Choice

As a manager working directly under the company president, Chloe has been given the assignment of transitioning the firm from a slow-moving bureaucracy to an agile, responsive organization. Chloe knows that the structure an organization adopts to accomplish agility will depend on its strategy, its customers, and its technology. Chloe wants to be sure that the firm focuses on competitiveness and manages its core capabilities to obtain competitive advantage. Therefore she should recommend that the company

• A)coordinate by standardization and centralize the decision-making process.
• B)formalize all processes with the written approval of the board of directors.
• C)change to a matrix structure in which functional and divisional forms overlap.
• D)accumulate the right resources and eliminate resources that do not provide value.
• E)switch to a mass customization model with large-batch technology.

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Definitions:

Average Tax Rate

The ratio of total taxes paid to total income, representing the percentage of income that goes to taxes.

Income

The money received by a person or household from various sources like work, investments, or benefits, typically used for consumption, savings, and investing.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing assets minus liabilities.

Efficiency

The optimal allocation of resources to maximize the production of goods and services, ensuring that these are distributed in the most effective manner.