An Organisation That Aims to Replace Departments with Empowered Teams

question 215

Multiple Choice

An organisation that aims to replace departments with empowered teams is the:

• A)boundaryless organisation.
• B)team structure.
• C)virtual organisation.
• D)matrix organisation.

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Definitions:

Cost Function

A mathematical relation that defines the total cost of production as a function of the quantity of output produced.

Profit-Maximizing

The procedure companies undertake to find the best combination of price and production volume for peak profit.

Output

The quantity of goods or services produced by a company, industry, or economic system.

Housing Development

A planned residential community, often including various amenities, constructed by developers and divided into individual properties for sale.