An Organization in Which Top-Level Divisions Are Required to Heed

question 86

True/False

An organization in which top-level divisions are required to heed input from a staff composed of experts of another organizational dimension in an attempt to avoid the double-reporting difficulty of a matrix organization but still mesh two or more dimensions is called a hybrid organization.

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Definitions:

Discount Stores

are retail outlets that sell products at prices lower than those asked by traditional retail stores, often by selling in large volumes or foregoing some aspects of service.

Inflation

A broad escalation in prices coupled with a reduction in the purchasing power of currency.

Creditors

Individuals, businesses, or financial institutions that lend money or extend credit to others, expecting repayment in the future.

Fixed Incomes

Types of investment securities that pay investors fixed interest or dividend payments until their maturity date.