Virtual Organizations Have Al of the Following Potential Advantages Except

question 2

Multiple Choice

Virtual organizations have al of the following potential advantages except:

• A)The cost savings are significant
• B)A great alternative for entrepreneurs
• C)For a mature company, it can be a fast way to develop and market new products
• D)Easier to coordinate than a traditional organization

Distinguish between output and input standards.

Explain the concept of market, clan, and self-control within organizations.

Understand project management fundamentals and tools such as CPM/PERT and Gantt charts.

Recognize management by exception and its application.

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Definitions:

Investment Banking

The sale of stocks and bonds for corporations.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the central bank.

Debit Card

A card that looks like a credit card but works like a check; using it results in a direct, immediate, electronic payment from the cardholder’s checking account to a merchant or third party.