Scenario - Windmere Technologies Windmere Technologies Has Been in Operation

question 24

Multiple Choice

Scenario - Windmere Technologies Windmere Technologies has been in operation since 1984.  Today, Windmere is actually considered to be a globally-based firm with corporate offices in thirteen foreign nations. There is not one office of this company with higher authority or more decision making power than any other of the thirteen in operation.  Windmere Technologies is recognized as a business leader in all thirteen nations in which it has corporate offices.  According to the CEO of the company, "Windmere considers the world to be its home base."   The management has done a good job of creating its organizational structure where people are grouped simultaneously by function and by division. Windmere is best known for its work in creating alternative energy sources.  As this is of vital concern to all nations of the world today, Windmere's ideas and products are welcomed by all nations. This business takes in revenues in excess of $8 billion per year and expects it to substantially increase in the future.Which one of the following would Windmere Technologies not claim as a purpose of its organizational structure?  

• A)Serves as a barrier to interactions with other organizations
• B)Determines the boundaries of the organization
• C)Regulates its interactions with the environment
• D)Utilizes a division of labor system that leads to departmentalization
• E)Integrates mechanisms such as formal rules and procedures

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Definitions:

Check-Cashing Services

Financial services where checks can be cashed for a fee without needing a bank account.

American Bankers Association

A trade association representing the United States banking industry, aimed at fostering a safe and competitive banking system.

Transactions Demand

Transactions demand refers to the amount of money that people hold for the purpose of making everyday purchases and transactions.

Medium of Exchange

This refers to an item that is widely accepted in exchange for goods and services, facilitating trade by averting the inefficiencies of a pure barter system.