Scenario - Windmere Technologies

question 11

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 organizational structures best identifies the one currently used by Windmere Technologies?

• A) Functional structure
• B) Matrix structure
• C) Divisional structure
• D) Market structure
• E) Geographical region structure

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Definitions:

Simple Linear Regression

A statistical method used to model the relationship between a dependent variable and a single independent variable, assuming a linear relationship.

Residual

The difference between the observed value and the value predicted by a model, indicating the error in prediction for that specific point.

Least-squares Line

A line of best fit determined by the least squares method, which minimizes the sum of squared vertical distances between the actual data points and the predicted points on the line.

Unbiased Estimator

A statistical estimator whose expected value exactly equals the parameter it estimates.