The ________ Structure Seeks to Eliminate the Chain of Command

question 18

Multiple Choice

The ________ structure seeks to eliminate the chain of command and replace departments with empowered teams.This structure removes vertical and horizontal boundaries in addition to breaking down external barriers between the company and its customers and suppliers.

• A)virtual
• B)hybrid
• C)matrix
• D)mechanistic
• E)team

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Definitions:

Capitalism

An economic system characterized by private ownership of the means of production and their operation for profit.

Socialism

A political and economic system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Total Surplus

An economic measure representing the total benefits to consumers and producers, achieved by the difference between the willingness to pay and the actual price paid, plus the cost savings to producers.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.