In This Business Structure the Firm Is a Hierarchy Organized

question 51

Multiple Choice

In this business structure the firm is a hierarchy organized around a set of functions. Each group has a core competency that it concentrates upon.

• A) Technology
• B) Business reengineering approach
• C) Functional
• D) Process Control
• E) Business process

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Definitions:

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Risk

The exposure to the chance of loss or damage, or the uncertainty regarding the outcome of an action or decision.

Certainty

The firm conviction that something is reliably true, without any doubt, often used in decision-making processes.

Information-Processing Style

An individual's preferred method of gathering, interpreting, and organizing information.