When Eric Schmidt Joined Google™, One of the Most Successful

question 258

True/False

When Eric Schmidt joined Google™, one of the most successful companies of this decade, he tackled the organization function head-on. In speaking at a large conference with Google founders, Sergey Brinn and Larry Page, he commented that Google was running pretty well, "it just needed a little structure." Schmidt was referring to basic organization principles such as division of labor, specialization, and getting the departments up and running.

---

Definitions:

GDP

Short for Gross Domestic Product, it's the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

MV

An abbreviation that can stand for "Market Value," representing the current price at which an asset or service can be bought or sold.

Percentage

A portion or part of a whole, expressed as a fraction of 100.

Constants

Fixed values in an equation or model that do not change, unlike variables which can fluctuate.