How does a virtual organization save on costs?
A)by hiring people who specialize in what they do
B)by hiring fewer people than they need and making them work much longer hours
C)by eliminating all administrative duties
D)by keeping only a small permanent staff for administrative purposes only

Question

Quizplus · Accepted Answer

Virtual organizations save on costs by keeping only a small permanent staff for administrative purposes only. This is because most of the work is carried out by temporary or contract employees who work from remote locations, which reduces costs related to workspace, equipment, and utilities. Additionally, virtual organizations typically do not incur costs associated with traditional office settings such as rent or property taxes. By keeping administrative costs low, virtual organizations can optimize their resources and achieve cost-efficiency without compromising quality or productivity.

How Does a Virtual Organization Save on Costs