Which Form of Organization Is Used by Most Small to Medium-Sized

question 19

Multiple Choice

Which form of organization is used by most small to medium-sized firms?

• A) Divisional
• B) Functional
• C) Matrix
• D) International
• E) Stratified

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Definitions:

Target Cost

The market-driven price that a product must meet or go below, after subtracting the desired profit margin, to remain competitive.

Competitor's Product

A product or service offered by a business rival in the same market, directly competing with one's own product or service offering.

Useful Life

The estimated duration a fixed asset is expected to be economically useful to an entity.

Operating Cost

Expenses associated with the day-to-day operations of a business, including rent, utilities, and payroll.