In the Context of Organizational Structures, Which of the Following

question 19

Multiple Choice

In the context of organizational structures, which of the following is a difference between a matrix structure and a network structure?

• A) Unlike in a matrix structure, in a network structure, employees are responsible for reporting to multiple managers.
• B) Unlike a network structure, a matrix structure follows decentralized decision making.
• C) Unlike in a network structure, in a matrix structure, a team dissolves after the completion of a project.
• D) Unlike in a matrix structure, in a network structure, a company constantly introduces new people with new ideas into the organization.

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Definitions:

Ending Inventory

The total value of a company's merchandise that has not been sold at the end of an accounting period.

Overstated

When financial statements or records show values higher than the true or actual amounts, falsely inflating a company's perceived financial health.

LIFO Conformity Rule

A tax regulation requiring companies that use the last-in, first-out (LIFO) inventory method for tax reporting to also use it for financial reporting purposes.

Tax Purposes

Refers to any considerations made in financial activities or decision-making to optimize tax liabilities.