Although Matrix Structures Have Been Around Since the 1960s, the Number

question 96

True/False

Although matrix structures have been around since the 1960s, the number of organizations using them has declined since organizations prefer to work in groups rather than in teams.

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Definitions:

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, monitor, and control the probability or impact of undesirable events.

Command Systems

Economic systems where decisions about production, investment, and distribution are regulated by a central authority or government rather than market forces.

Consumer Sovereignty

The principle that consumer preferences and choices dictate the production and sale of goods and services in an economy.

Circular Flow Model

An economic model that illustrates the flow of goods and services and money between sectors of the economy.