A Matrix Structure Uses ________ and ________ Structures Simultaneously

question 62

Multiple Choice

A matrix structure uses ________ and ________ structures simultaneously.

• A)area; product
• B)process; customer
• C)functional; divisional
• D)mixed; product
• E)area; process

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Definitions:

Failure Of Consideration

occurs when the promised performance in a contract is not delivered, rendering the contract voidable or void.

Revised Article 3

Amendments made to Article 3 of the Uniform Commercial Code, which governs negotiable instruments like checks and drafts, to modernize and clarify its provisions.

Claims

Formal requests or demands for payment or compensation for losses or damages covered under an insurance policy.

Without Recourse

A term indicating that the seller of a financial instrument or property transfers all risk of non-payment or defect to the buyer, absolving the seller of liability.