Which of the Following Best Describes a Functional Structure

question 47

Multiple Choice

Which of the following best describes a functional structure?

• A) It is an organizational structure where boundaries between jobs continually shift and people pitch in wherever their contributions are needed.
• B) It is an organizational structure where work and resources are assigned to departments responsible for all the activities related to producing and delivering a particular product.
• C) It is an organizational structure where the organization is departmentalized according to the type of customer served.
• D) It is an organizational structure where the personnel and other resources are grouped according to the types of work they carry out.

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Definitions:

Economics

The social science that studies the production, distribution, and consumption of goods and services.

Total Utility

The total satisfaction or pleasure a person derives from consuming a specific quantity of goods or services.

Risk-Averse

Describes individuals who choose to reduce risk when that reduction leaves the expected value of their income or wealth unchanged.

Income Curve

The income curve, in economics, typically relates to a graphical representation showing how a change in income affects consumption or purchasing patterns of individuals or households.