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Which statement is accurate about a network organization? Multiple Choice a)A network organization limits the amount of Information shared between its members. b) In a network organization, the technical specialization of the functional structure is absent. c)A network organization lacks the market responsiveness of the product structure d)In a network organization, managers within the organization interact closely with members outside it e)A network organization is a single firm in which jobs are specialized and grouped according to business functions

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Final answer:

The accurate statement about a network organization is (d) In a network organization, managers within the organization interact closely with members outside it. Thus option d is correct.

Step-by-step explanation:

When considering network organizations, it's important to understand their characteristics relative to the options provided. A network organization is not limited by the amount of information it shares among members, quite the contrary, it often thrives on fluid and extensive information exchange. This contrasts with traditional bureaucratic structures that may limit information flow.

Furthermore, option b) is incorrect because a network organization does not merely lack technical specialization; it reshapes it within a more dynamic and interconnected framework. As for option c), network organizations are generally designed to be market-responsive, leveraging external relationships to adapt quickly, which means they often excel in responsiveness compared to product structures. Lastly, e) is incorrect because a network organization is not characterized by specialized jobs grouped according to business functions within a single firm, but rather by a web of interactions both within and outside of the organization.

Therefore, the accurate statement about a network organization is: d) In a network organization, managers within the organization interact closely with members outside it. This is aligned with the team-based and collaborative approach that is becoming more prevalent in today's workplace, and it indicates a move towards more agile and less hierarchical structures that encourage interaction across organizational boundaries.

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