Which of the following is NOT true about an organization that has a matrix structure?
A) Employees have more than one boss.
B) Each person reports to just one other person.
C) Employees "belong" to functional departments as well as product teams.
D) A person's boss can be a department manager one day and a product manager the next.
B
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All of the following are reasons why developing a new business opportunity from the ground up represents significantly greater risk, EXCEPT:
A. immediate need to gain access to a particular market B. the length of time it may take to develop the competencies or capabilities internally to successfully compete C. concerns over heightened competition and its potential for deteriorating margins and profitability D. the long-term capital commitment required to generate the scale needed to ensure profitability and sustainability E. creating new market space as a first mover
Which of the following statements is (are) true regarding investment returns and the underwriting cycle?
I. Investment returns have no impact upon the underwriting cycle. II. Investment returns can lengthen the duration of a soft market by offsetting underwriting losses. A) I only B) II only C) both I and II D) neither I nor II