A Matrix Structure Is Intended to Make It Easy to Reassign

question 23

True/False

A matrix structure is intended to make it easy to reassign functional specialists to lines of business where the work is most needed,since the normal ebb and flow of business can create situations in which a particular line of business is over-staffed while another is under-staffed.

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Definitions:

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.

Carrying Costs

Expenses associated with holding inventory, including storage, insurance, and opportunity costs.