Which of the Following Statements About Matrix Organizations Is True

question 42

Multiple Choice

Which of the following statements about matrix organizations is true?

• A)A matrix organization is the same as a functional organization.
• B)A matrix organization is the same as a product organization.
• C)A matrix organization is a hybrid of the functional and divisional organizational forms.
• D)A matrix organization is considered out-of-date compared to the organic organization.
• E)A matrix organization is more easily managed than a product organization.

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Definitions:

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market.

Misallocation

The inefficient or inappropriate distribution of resources in a manner that does not maximize economic efficiency or output.

Production Cost

The total expense incurred in the manufacture of a product, including raw materials, labor, and overhead costs.

Black Market

Illegal trade of goods and services, beyond government control, where transactions typically occur “under the table” to avoid taxes or regulations.