Which of the Following Structures Requires Centralization of Value Chain

question 57

Multiple Choice

Which of the following structures requires centralization of value chain support activities?

• A)The product structure
• B)The product team structure
• C)The matrix structure
• D)The functional structure
• E)The innovative structure

Grasp the significance of performance bonds in ensuring compliance with contract specifications.

Evaluate the role of competitive bidding in ensuring fair and competitive prices.

Analyze the role of organized commodity exchanges in free market operations.

Understand the use of hedging as a strategy to minimize price and currency exchange risks.

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, revenue, or other factors influencing budgeting.

Static Budget

A financial plan that does not change or adjust over the period, regardless of any changes in business activity levels.

Flexible Budget

A budget that adjusts to changes in activity or production levels, allowing for more accurate budgeting.

Actual Results

The actual outcomes or figures achieved by a business, contrasting with forecasts or budgeted amounts.