Which of the Following Statements Regarding the Matrix Structure Is

question 99

Multiple Choice

Which of the following statements regarding the matrix structure is correct?

• A)The matrix structure increases the frequency of informal communication but decreases the frequency of formal communication.
• B)The matrix structure is a response to uncertainty and dynamism in the environment.
• C)Matrix structures adhere to the unity of command principle.
• D)Matrix structures require managers to be more independent than in traditional structures.

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Definitions:

Competitive Markets

Markets characterized by numerous buyers and sellers, enabling competition that regulates prices and quality.

Oligopolistic Firms

Companies that operate in a market characterized by a small number of large sellers who have significant control over market prices.

Successful Collusion

A scenario where firms in a market coordinate their actions, such as setting prices or output levels, to achieve collective benefits at the expense of fair competition and consumers.

Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product demanded.