A Small Business with Low Departmentalization, Wide Spans of Control

question 4

Multiple Choice

A small business with low departmentalization, wide spans of control, centralized authority, and limited formalization can be said to possess a__________ structure.

• A) divisional
• B) matrix
• C) simple
• D) functional

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Definitions:

Property Taxes

Taxes levied by local governments based on the assessed value of land and property owned.

Economic Recovery

The phase of economic improvement following a recession or downturn, characterized by increases in employment, consumer spending, and overall economic growth.

Balance Budgets

Financial planning or policy aimed at ensuring that revenue equals or exceeds expenses, to avoid deficits and maintain fiscal health.