The _____ Form of Organization Is a Way of Forming

question 80

Multiple Choice

The _____ form of organization is a way of forming project teams within the traditional line-staff organization.

• A) horizontal
• B) virtual
• C) matrix
• D) product
• E) customer

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Definitions:

Joint Output

Joint output describes a situation where the production process results in two or more products being produced simultaneously from the same inputs.

Mutual Gains

Benefits that occur in a situation or transaction that are advantageous to all involved parties.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Lowest Opportunity Cost

The situation where the choice made uses the least possible sacrifice of alternatives, having the minimal foregone benefits among all options.