Dramatic Expressions Dramatic Expressions Is a Home Decorating Company That Sells Many

question 116

Multiple Choice

Dramatic Expressions
Dramatic Expressions is a home decorating company that sells many different household accessories ranging from candles to entertainment centres.Wanda is the CEO of the company.She feels that there is not enough specialisation within the company and wants to organise the business in a different way.Wanda thinks that the company would be more effective if it were to switch to a new way of organisation.For example, there could be a manager in charge of the candles, a different manager in charge of the entertainment centres, and so on.
Another issue that Wanda wants to resolve is that of delegation.She believes that if she could improve her delegating, employees would feel more empowered and want to go above and beyond what they are required to do.There are certain reasons that Wanda has a hard time delegating to others, but she is confident that the problem will be overcome if she works on it.
-Refer to Dramatic Expressions.What type of departmentalisation does Wanda want to switch to?

• A) By function
• B) By product
• C) By location
• D) By customer
• E) By responsibility

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Definitions:

Premium

An amount paid in excess of the regular price, often associated with insurance costs or the additional cost to buy an asset.

Euro

The official currency of 19 of the 27 European Union countries, which constitutes the Eurozone.

Spot Market

A market in which financial instruments or commodities are traded for immediate delivery and payment, contrasting with futures markets where delivery is set at a future date.

Spot Rate

The current price or rate of a financial instrument or commodity available for immediate settlement or purchase on the open market.