The Main Disadvantage of a 'Network Structure' Is

question 72

Multiple Choice

The main disadvantage of a 'network structure' is

• A)the lack of rigid tiers of management
• B)the more ambitious staff demand a clear path
• C)difficulty in promotion,staff turnover and lack of leadership or support
• D)lack of face-to-face communication

Recognize the influence of work processes on delivering value to customers.

Understand the cost implications and financial planning considerations for replacing homemakers' services.

Demonstrate knowledge of the steps involved in life insurance planning, including requirement estimation and objective definition.

Identify and differentiate between different types of life insurance policies and companies.

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Definitions:

Long-Run Adjustments

Changes in the scale of production or in the input mix used by firms in response to economic conditions over a period where all inputs can be varied.

Market Supply

The total amount of a product or service that is available for purchase at various price points in a market at a given time.

Perfectly Elastic

A situation where the demand or supply for a good or service is infinitely responsive to changes in price.

Long-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied after all inputs have been adjusted to their optimal levels.