Which of the Following Describes a Typical Functional Structure

question 2

Multiple Choice

Which of the following describes a typical functional structure?

• A) Employees tend to be specialists in the business functions important to that industry such as manufacturing, marketing, finance, and human resources.
• B) This is most appropriate for large corporations with many product lines in several related industries, with employees acting as specialists attempting to gain synergy among divisional activities.
• C) This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades.
• D) Employees have two or more superiors, a project manager and a functional manager.
• E) This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as specialists but with no attempt at gaining synergy among the divisions.

Understand and apply percentage calculations in various financial and investment contexts.

Calculate the implications of financial decisions involving interest rates, commissions, and partnerships.

Apply mathematical concepts to solve problems related to budgeting and sales projections.

Analyze investment distribution to optimize interest gains.

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Definitions:

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), representing the trade-offs of producing one good over another.

Trade-Offs

Situations where having more of one thing invariably leads to having less of another due to limited resources or constraints.

Opportunity Costs

The value of the next best alternative that is foregone as a result of making a decision.

Resources

Various elements needed for the production of goods and services, often categorized into natural resources, human resources, and capital resources.