Siemens Reorganized Its Structure

question 35

Multiple Choice

Siemens reorganized its structure.Planning the change were members from HR,strategic planning,communications,operations and the new cluster president.After the change was implemented,the group stopped meeting.This was a(n)

• A) functional group.
• B) informal group.
• C) work team.
• D) task group.
• E) quality circle.

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Definitions:

Production Possibility Frontier

A graph that shows all the highest possible production levels for two products, based on available resources and technological capabilities.

Increasing Opportunity Costs

The concept that the cost of forgoing the next best alternative increases as resources become more specialized in production.

Guns And Butter

A term used to describe a country's decision to allocate its resources between defense and civilian goods.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.