XYZ Corporation, a multinational company, is contemplating a significant change in its organizational structure to adapt to evolving market demands. As part of this change, the company is considering transitioning from a traditional hierarchical structure to a more flexible matrix structure. The leadership believes that this shift would foster better collaboration, innovation, and responsiveness to customer needs. Consider the following scenario and answer the question below: Which of the following statements best describes the potential advantages and challenges of transitioning from a traditional hierarchical structure to a matrix structure for XYZ Corporation? a) Advantages: Enhanced cross-functional collaboration and faster decision-making; Challenges: Potential role confusion and increased complexity in reporting relationships. b) Advantages: Clear chain of command and streamlined communication; Challenges: Reduced flexibility and limited innovation. c) Advantages: Increased employee autonomy and improved work-life balance; Challenges: Lack of accountability and weakened organizational control. d) Advantages: Improved employee motivation and stronger alignment with organizational goals; Challenges: Reduced employee engagement and increased conflicts.