The Matrix Organizational Design Attempts to Combine Four Different Disparate

question 53

True/False

The matrix organizational design attempts to combine four different disparate designs to gain the benefits of each design.

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Definitions:

Proxy

An authority to act on behalf of another person in voting or making decisions.

Directors

Individuals appointed or elected to the board of a corporation who are responsible for overseeing and guiding the company's policies and decisions.

Directors

Individuals elected by shareholders to manage the corporation's affairs and make decision on major company issues.

Voting Trust

A legal arrangement where shareholders' voting rights are transferred to a trustee, typically to consolidate control over a company for a specific period.