High Level of Integration, Improved Communication, Increased Project Focus, Higher

question 11

Multiple Choice

High level of integration, improved communication, increased project focus, higher potential for conflict, and poorer response time are advantages and disadvantages of:

• A) The Functional Organization
• B) The Matrix Organization
• C) The Project Organization
• D) The Informal Organization
• E) The Formal Organization

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Definitions:

Stakeholder Theory

A concept in organizational management and business ethics that emphasizes the importance of considering the interests of all parties affected by business activities, not just shareholders.

Financial Interests

Refers to the ownership stake or economic benefits that an individual or entity has in an asset or a transaction.

Agency Costs

The costs associated with resolving conflicts of interest between company management and shareholders.

Sole Proprietorship

A business owned by a single individual.