__________ Rely on Leveraging Technology and Structural Flexibility to Maximize

question 72

Multiple Choice

__________ rely on leveraging technology and structural flexibility to maximize potential value through outsourcing and external collaboration.

• A) Traditional structures
• B) Horizontal designs
• C) Open designs
• D) Matrix organizations
• E) Divisional organizations

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Definitions:

Economic Resource

Assets, materials, or inputs used to produce goods and services and satisfy human wants, including land, labor, capital, and entrepreneurship.

Capital

Man-made physical objects (factories, roads) and intangible ideas (the recipe for cement) that do not directly satisfy human wants but which help to produce goods and services that do satisfy human wants; also called capital goods. One of the four economic resources.

Economic Rent

Any payment to a resource provider or seller of output in excess of the economic cost (opportunity cost) of providing that resource or output.