A firm gives significant decision-making authority, and the responsibility for profits and losses, to two managers. It shares responsibility between a functional manager and a product manager. This arrangement is an example of a _________.
A)hard triangle
B)soft square
C)matrix structure
D)multidivisional form

Question

Quizplus · Accepted Answer

The arrangement described is known as a matrix structure, where two managers share decision-making authority and responsibility for profits and losses. This structure combines functional and product-based approaches, allowing for increased flexibility and efficiency but also potential for confusion and conflict. The options A, B, and D do not accurately describe this specific structure.

A Firm Gives Significant Decision-Making Authority, and the Responsibility for Profits