In the ________, the Philosophy Is That Responsibility for Operating

question 93

Multiple Choice

In the ________, the philosophy is that responsibility for operating decisions pertaining to a particular product should be shared by the product division and the various areas of the firm.

• A) worldwide product division structure
• B) classic global matrix structure
• C) worldwide area structure
• D) knowledge network structure

---

Definitions:

Marginal Benefit

The extra utility or satisfaction obtained through the consumption of an additional unit of a good or service.

Pollution Abatement

Actions or measures taken to reduce, control, or eliminate pollution from various sources.

Producer Surplus

The difference between the actual price a producer receives (or producers receive) and the minimum acceptable price; the triangular area above the supply curve and below the market price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.