Which of the Following Statements About Matrix Departmentalization Is True

question 58

Multiple Choice

Which of the following statements about matrix departmentalization is true?

• A)Most employees in an organization that uses matrix departmentalization report to two bosses.
• B)With matrix departmentalization, there tends to be more cross-functional interaction among employees than in other types of departmentalization.
• C)With matrix departmentalization, there needs to be significant coordination between functional and project managers.
• D)The most common matrix combines product and functional departmentalization.
• E)All of these statements about matrix departmentalization are true.

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Definitions:

Phantom Tickets

Tickets for an event that are sold but are either nonexistent or vastly oversold, often associated with fraudulent or speculative selling practices.

Minimum Price

The lowest legal price at which a good or service can be sold, often set to ensure producers can cover their costs.

Total Producer Surplus

The difference between the total revenue that producers receive and the minimum amount they would be willing to accept for their goods or services.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual amount they receive due to market price.