After Moving to Florida,Vanessa Opened Both a Savings and a Checking

question 38

Multiple Choice

After moving to Florida,Vanessa opened both a savings and a checking account at Benford Bank.Although Benford had a higher minimum balance requirement for free checking than the other two banks she considered,Vanessa chose Benford because it was located closer to her home than the other banks.Vanessa would rather expend other costs than _____ costs.

• A) Convenience
• B) Monetary
• C) Psychological
• D) Time
• E) Search

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Definitions:

Decentralized System

An organizational or technological system where decision-making power and control are distributed away from a central authority.

Bureaucratic Structure

An organizational structure characterized by formal procedures, hierarchy, and clear division of labor.

Authority-And-Responsibility

Concerns the distribution of tasks and the accompanying expectation of accountabilities within an organization, ensuring that individuals have the rights and obligations to execute their roles.

Scalar Principle

An organizational principle that outlines a clear and direct line of authority in the hierarchy from the top of the organization to the lowest level.