In Addition to Considering Financial Factors,project Selection Should Often Consider

question 27

True/False

In addition to considering financial factors,project selection should often consider how well each project fits with the organization's strategic planning.

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Definitions:

Formal Rules

Explicit, written guidelines and regulations that govern behavior and processes in organizations and societies.

Rigid Hierarchy

A strict, inflexible organizational structure with clearly defined levels of authority and a top-down approach to management.

Mechanistic Systems

Organizational structures characterized by strict hierarchies, fixed duties, and a focus on efficiency and predictability.

Highly Specialized

Having a focus on a particular niche or area of expertise, often requiring advanced skills or knowledge.