The Main Difference Between a Matrix-Style Organization Model and a Cross-Functional

question 65

Multiple Choice

The main difference between a matrix-style organization model and a cross-functional team is:

• A) the matrix model has a limit on the number of functional units who send an expert to join the team, whereas the cross-functional team does not.
• B) the matrix model is a temporary arrangement, whereas the cross-functional team is a more permanent arrangement.
• C) the matrix model shares leadership responsibilities within the group, whereas the cross-functional team does not.
• D) the matrix model is a more permanent arrangement, whereas the cross-functional team is a temporary arrangement.

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Definitions:

Giffen Good

Good whose demand curve slopes upward because the (negative) income effect is larger than the substitution effect.

Substitution Effect

The alteration in consumer behavior as a result of variations in the relative costs of products, driving consumers to shift from higher-priced items to those that are more affordable.

Increase In Price

occurs when the cost of goods or services rises, affecting consumer purchasing power and potentially leading to changes in supply and demand dynamics.

Income Effect

Variations in the income levels of an individual or the broader economy, and how these variations influence the demand for specific goods or services.