In a Functional Structure

question 1

Multiple Choice

In a functional structure:

• A) a firm groups diverse functions into separate divisions.
• B) a firm is organized in terms of the main activities that need to be performed.
• C) a firm gives equal authority to both divisional and functional managers.
• D) a firm categorizes its employees based on their performance and commitment.

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Definitions:

New-product Prototypes

Early samples or models of a new product, created to test a concept or process before full-scale production.

New-product Ideas

Concepts or propositions for new goods or services that a business can potentially develop to meet consumer needs or open new markets.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, especially from an online community.

Regulators

Entities or individuals responsible for making and enforcing rules and standards to control or manage activities, often in industries like finance, healthcare, and utilities.