The Matrix Organization Permits an Organization to Respond More Quickly

question 56

True/False

The matrix organization permits an organization to respond more quickly to change than the functional approach does.

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Definitions:

Average Accounting Return

A financial ratio measuring the average net income an asset is expected to generate relative to its average book value.

Time Value

The principle stating that having money now is preferable to the same sum later, owing to the earnings it could potentially accrue.

Disadvantage

refers to a unfavorable condition or position that reduces the chances of success or effectiveness.

Average Accounting Return

A financial ratio that compares the average annual net income of an investment to its initial cost to assess its profitability.