Managers Need to Address Six Key Elements When They Design

question 71

True/False

Managers need to address six key elements when they design their organisation's structure: work specialisation,departmentalisation,chain of command,span of control,centralisation and decentralisation,and formalisation.

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Definitions:

Long Straddle

An options trading strategy that involves purchasing both a call and a put option on the same asset with the same expiration date and strike price, betting on volatility.

Call Contract

A financial derivative agreement giving the buyer the right, but not the obligation, to buy an underlying asset at a specified price before a specified date.

Break Even

The point at which total cost and total revenue are equal, meaning there is no net loss or gain.

Stock Price

The cost of purchasing a share of a company, fluctuating based on market conditions, company performance, and investor sentiment.