The Primary Advantages of the Matrix Structure for Organizing Is

question 84

Multiple Choice

The primary advantages of the matrix structure for organizing is that they represent the growing complexities of the global market arena and:

• A)it fosters team spirit and cooperation among managers.
• B)it secures higher profits.
• C)it does not duplicate efforts.
• D)it has smooth and accurate communications.
• E)it has clear lines of communication with no confusion.

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Definitions:

Hardware Store

A retail store specializing in the sale of tools, building materials, and home improvement products.

Music Store

A retail business specializing in the sale of musical instruments, sheet music, recordings, and related accessories.

Specific Identification

An accounting method used to track and assign costs to individual pieces of inventory, useful for unique or high-value items.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold before accounting for other expenses.