According to the SBA, About _____Of New Businesses (With Employees)

question 34

Multiple Choice

According to the SBA, about _____of new businesses (with employees) survive two years or more

• A) One-fourth
• B) One-third
• C) One-fifth
• D) One-half

Describe the conditions under which a matrix structure is effective and its potential for conflict.

Understand the role of organizational strategy in designing organizational structures.

Differentiate between organic and mechanistic structures and explain their appropriateness in different environments.

Analyze the division of labor and coordination mechanisms in organizational structures.

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Definitions:

Decentralization

The distribution of decision-making powers away from a central authority to lower levels in an organization.

Franchise

The right or license granted to an individual or group to market a company’s goods or services.

License

A legal authorization allowing an individual or entity to use a piece of property or engage in a particular activity or business.

Decentralized Company

A decentralized company allows for decision-making authority to be distributed among various levels within the organization rather than being concentrated at the top.