Avoiding redundancy is a strength of which structure?

A) simple
B) divisional
C) functional
D) corporate

Answer: C
Explanation: In a functional structure, workers are grouped together according to specialty, meaning that the chance of duplicating resources and equipment gets minimized. For example, if an art department needs a super-expensive printer, it is likely that the organization will purchase only one printer rather than have artists scattered in other segments of the organization requiring their own printers. These facts all indicate that "functional" is the correct response.

Business

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In business, what does the term "vehicle" mean?

A) the specific transportation used in moving products into the marketplace B) marketing research that companies use to determine consumer needs C) the speed at which a strategic plan is developed, carried out, and evaluated D) the marketing conduits between company management and consumers E) the means companies use to get from their present state to some desirable future position

Business

Since individuals are always confronted with opportunities to earn positive rates of return on their funds, the timing of cash flows does not have any significant economic consequences

Indicate whether the statement is true or false

Business