How can firms counter the weaknesses of the functional structure?
A) By eliminating the number of functional boundaries.
B) By allowing employees to become focused only on departmental goals.
C) By using cross-functional teams to coordinate efforts across functional boundaries.
D) By limiting the coordination and control between geographically dispersed areas.
E) By decentralizing decision making by top management.
Answer: C
Explanation: Firms that use functional structures often try to counter these weaknesses by using cross-functional teams to coordinate efforts across functional boundaries, as you'll see later in the chapter.
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Typically, if a bank were to sell a security in order to make a loan to a client, its NIM would:
a) increase b) decrease c) not change
An owner sells a property, and the buyer is going to make a 20% downpayment. The lender requires the buyer to pay two discount points, which turns out to total $1,000. What was the purchase price?
A. $50,000 B. $62,500 C. $75,000 D. $200,000