You Want to Buy Your Dream Car,but You Are $5,000

question 122

Multiple Choice

You want to buy your dream car,but you are $5,000 short.If you could invest your entire savings of $2,350 at an annual interest of 12%,how long would you have to wait until you have accumulated enough money to buy the car?

• A) 9.40 years
• B) 3.48 years
• C) 7.24 years
• D) 6.66 years

Recognize the basic forms of departmentation and their applications in various organizational contexts.

Comprehend the role of conflict in matrix structures and strategies to manage it.

Describe the coordination mechanisms available in organizations and their appropriateness for different types of work.

Understand the implications of departmental structures on professional development and efficiency within organizations.

---

Definitions:

New Products

Items that a company offers to the market for the first time, ranging from entirely new inventions to updates or modifications of existing products.

Product Launch

A product launch refers to the process of introducing a new product into the market, involving a series of promotional activities designed to generate awareness and interest among potential customers.

Political Office

A position of authority within a government organization that is acquired through an electoral process or appointment.

Diffusion

The method in which a new idea is spread via specific channels over a period among individuals within a social system.