Which of the Following Is a Condition Under Which an Organization

question 125

Multiple Choice

Which of the following is a condition under which an organization may choose a matrix design?

• A) High uncertainty within multiple sectors of the external environment.
• B) Constraints on human and physical resources.
• C) Pressures from the external environment for a dual focus.
• D) All answers are correct.

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Definitions:

Producer Surplus

The difference between the amount that producers are willing to accept for a good or service and the actual amount they receive.

Market Equilibrium

A situation where the quantity demanded by consumers equals the quantity supplied by producers, resulting in a stable market price.

Deadweight Loss

A reduction in economic effectiveness that happens when a good or service doesn't reach or cannot reach equilibrium.

Price

The monetary value attached to a product or service, determined by the interaction of supply and demand.