Some Experts Consider the ______ Structure to Be One of the 20th

question 44

Multiple Choice

Some experts consider the ______ structure to be one of the 20th century's most significant organizational innovations because of its value to diversified firms.

• A) network
• B) cooperative
• C) multidivisional
• D) functional

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Definitions:

Costs

The expenditure required to produce, acquire, or maintain a product or service, including materials, labor, and overhead expenses.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Comparative Advantage

The capacity for a person, company, or nation to generate a product or offer a service at a lesser opportunity cost compared to its rivals.

Opportunity Cost

The expense incurred by not choosing the second-best option available when a decision is made or an action is taken.