Implementation of a Global Matrix Provides a Company with Which

question 20

Multiple Choice

Implementation of a global matrix provides a company with which of the following advantages?

• A) Decentralizes control to overseas managers
• B) Provides overseas managers with considerable flexibility
• C) Allows overseas managers the flexibility to manage local issues
• D) Allows corporate executives to exercise control when needed
• E) All of these

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Definitions:

Game Theory

The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

Dominant Strategy

A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.

Nash Equilibrium

The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.