What Is True of the Functional Structure of an Organization

question 24

Multiple Choice

What is true of the functional structure of an organization?

• A) It results when an organization is departmentalized according to the location of the customers served.
• B) It is well-suited to decentralized decision making and efficiency through economies of scope.
• C) It is not well-suited for dynamic environments where decisions must be made quickly.
• D) It departmentalizes an organization according to the type of customers served.

Understand basic probability concepts and the principle of sample spaces.

Distinguish between dependent and independent events in probability.

Calculate probabilities for simple and compound events.

Identify and apply the rules for calculating the complement of an event.

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Definitions:

Importance

The state or fact of being of great significance or value.

Framing

The way in which information is presented to influence perceptions, decisions, and judgments; often used in contexts of communication and psychology.

Nudge

A framing of choices by which governments and companies can, without coercion or altered incentives, encourage people to make choices that support their health, retirement savings, and well-being.

Choices

The act of selecting between two or more possibilities when faced with a decision.