You are the CEO of Apex Systems. You have decided to hire other organizations to perform many of the basic functions of your business
You have hired an accounting firm to keep your records, a recruiting firm to handle human resource functions, and a computer firm to handle all records. To keep costs down, you are looking for other areas in which to outsource operations. You have chosen to operate your business as a ________.
A) matrix organization
B) virtual organization
C) highly centralized organization
D) boundaryless organization
E) bureaucracy
B
Explanation: B) A virtual organization is a small, core organization that outsources major business functions.
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Kevin manages a group of eight project engineers, all of whom have worked for the company for over five years. Almost every day, Kevin and Joe, Carlos, and Kim, who are three of his subordinates, go to the cafeteria and play bridge while eating lunch. Joe, Carlos, and Kim receive very good performance reviews and are typically given the most challenging projects. What theory best explains this situation?
a. Laissez-faire leadership b. Transactional leadership c. LMX d. Transformational leadership e. House's path-goal theory
Per capita gross domestic product (GDP) may be a deceiving economic measure because the wealth of a country may be concentrated among just a small percentage of the population
Indicate whether the statement is true or false