Walt Works for a Large Company

question 44

Multiple Choice

Walt works for a large company. Recently, his organization began to subcontract out such functions as training, engineering, and computer service. This approach is consistent with a __________ structure.

• A) functional
• B) team-based
• C) divisional
• D) virtual network
• E) service

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Definitions:

Wealth

The total value of all financial assets and physical possessions owned by an individual, household, or nation, exceeding all its liabilities.

Opportunity Cost

The cost of foregone alternatives, the value of the best alternative given up when a decision is made to choose one option over another.

Ironing

the process of using a heated tool (iron) to remove wrinkles from fabric, typically garments, enhancing their appearance.

Suppliers

Individuals or businesses that provide goods or services to consumers, businesses, or other organizations.