Which of the Following Statements Is True Regarding a Matrix

question 10

Multiple Choice

Which of the following statements is true regarding a matrix structure?

• A) It breaks the unity-of-command concept.
• B) It cannot achieve economies of scale.
• C) It reduces ambiguity about who reports to whom.
• D) It prevents power struggles.
• E) It enhances role clarity and avoids role conflict.

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Definitions:

Monopolist

A monopolist refers to a single supplier in a market who has significant control over the market price of a product or service due to the lack of competition.

Marginal Revenue

The incremental revenue obtained from the sale of an additional unit of a product or service.

Natural Monopoly

A market situation where a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale.

Substitutes

Alternative goods or services that can satisfy the same needs as another, often leading to a choice between the two based on price, convenience, or preference.