Answer the following statement(s) true (T) or false (F)
1. Horizontal, hollow and modular organization designs are sometimes subsumed under the single term "Network Designs
2. Greenfield redesign means breaking completely from the classical structure and establishing a totally different design
3. In network redesign, established companies return to a previously successful design by eliminating unproductive structural additions and modifications.
4. One network approach is to require internal units of a firm to interact at market prices - buy and sell to each other at prices equal to those that can be obtained by outsourcing partners.
5. The word virtual as used in virtual organizations comes from the popular 'virtual reality.
1. True
2. True
3. False
4. True
5. False
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The insured carries a personal auto policy providing a bodily injury limit of $50,000 each person with a per accident injury limit of $100,000. He injures two occupants in another vehicle. Their injuries total $60,000 for Mr. Jones and $50,000 for Mrs. Jones. The insurance company spent $40,000 in defense and investigation costs. How much will the insured's policy pay?
a. $50,000 b. $100,000 c. $140,000 d. $110,000