A Matrix Organization Is Any Organization in Which the Project

question 47

True/False

A matrix organization is any organization in which the project manager or project team leader actually shares responsibility for the project with a number of individual functional managers.

---

Definitions:

Expected Rate

The anticipated return on an investment, considering the probability of various outcomes.

Interest Rate

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount per period.

Expected Rate

A statistical measure often used to indicate the anticipated return or performance of an investment or economic variable over a specific period.

Total Investment

The aggregate amount of money dedicated to the purchase of assets, stocks, bonds, property, or other investment vehicles with the potential for generating profit or income.