After 15 Teams Created 128 Different Phones, Chris Galvin, Former

question 101

Multiple Choice

After 15 teams created 128 different phones, Chris Galvin, former CEO of Motorola, eliminated the autonomous teams being used to develop new wireless phones. This was necessary because such teams

• A)often lack coordination.
• B)never waste resources on projects with questionable feasibility.
• C)always create inefficiencies through duplication of effort.
• D)never duplicate efforts of the rest of the firm.

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Definitions:

Section 5

Often refers to a specific section of a larger act or law, needing explicit context, such as Section 5 of the Federal Trade Commission Act related to unfair or deceptive acts or practices.

1933 Act

The U.S. Securities Act of 1933, a federal statute that regulates the offer and sale of securities to protect investors by requiring sellers to disclose significant information concerning securities being offered.

Exemption

A release from some burden, duty, or obligation; a grace; a favor; an immunity; taken out from under the general rule, not to be like others who are not exempt.

Business Combination

A transaction where two or more entities come together to form a consolidated enterprise through mergers, acquisitions, or other forms of corporate restructuring.