The Key to Managing Today's Matrix Is to Realize That

question 42

Multiple Choice

The key to managing today's matrix is to realize that it

• A) May require attention to the norms, values, and attitudes shaping behavior.
• B) Has problems that can be eliminated by instituting the unity-of-command principle.
• C) Has proven effective at streamlining costs for small companies.
• D) Works best in the nonprofit environment.
• E) Is almost always used with centralized organizations.

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Definitions:

Fixed Costs

Costs that do not fluctuate with changes in production level or sales volume, such as rent, salaries, and insurance.

Annual Financial Advantage

Describes the financial benefit or gain achieved by an entity over the course of a fiscal year, encompassing all revenue streams and savings.

Variable Costs

Costs that vary directly with the level of business activity.

Variable Costs

Costs that vary in total directly and proportionately with changes in the activity level or volume of output.