The Matrix Structure

question 47

Multiple Choice

The matrix structure:

• A) always keeps dual-authority relationships.
• B) should be considered only in a stable environment.
• C) is designed for use within a bureaucracy.
• D) is known for its quality of centralization of key decisions for organizational control.

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Definitions:

Gentlemen's Agreements

Informal, non-binding agreements between parties based on honor and not legally enforceable.

Formal Cartels

An agreement among competing firms to control prices, production, and market distribution, which is often illegal.

Cartel

An association of manufacturers or suppliers that maintains prices at a high level by restricting competition and output.

Elasticity of Demand

A measure of how responsive the quantity demanded of a good or service is to a change in its price, indicating how changes in price influence consumer purchasing behavior.