In _____, Direct and Indirect Materials in One Industry Are

question 13

Multiple Choice

In _____, direct and indirect materials in one industry are purchased on an as-needed basis.

• A) horizontal exchanges
• B) vertical exchanges
• C) buy-side marketplaces
• D) functional exchanges
• E) sell-side marketplaces

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Definitions:

Wider Spans of Control

Refers to a leadership approach where a single manager or supervisor oversees a larger number of subordinates, indicating a flatter organizational structure.

Management Costs

Expenses associated with directing and controlling a business or organization.

Organic Design

A management and organizational structure approach emphasizing adaptability, teamwork, and decentralized decision-making.

Decentralized Authority

An organizational structure in which decision-making authority is distributed among various levels and departments, rather than being concentrated at a central point.