Project-Based Organizations Are Becoming the Norm Today Because

question 91

Multiple Choice

Project-based organizations are becoming the norm today because

• A) project-based organizations are dictated by government legislation.
• B) of a need for quick response in today's technology-driven world.
• C) today's vertical structures warrant project-based organizations.
• D) of a lack of top management trust.
• E) of management's emphasis on MBO.

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Definitions:

Licensing/Franchising

A business method where a company (franchisor) allows others (franchisees) to operate a business using its trademark, model, and processes in exchange for a fee.

Cultural Awareness

The understanding and recognition of the differences and similarities between various cultures, including beliefs, values, practices, and social norms.

Raw Materials

The basic substances or components that are processed to manufacture goods or products.

Financial Resources

Refers to the funds that are available to a business or individual for spending in various operations or investments.