Less Restrictive Policies and Procedures and Less Standardized Operating Methods

question 78

Multiple Choice

Less restrictive policies and procedures and less standardized operating methods

• A) allow organizations to be more flexible.
• B) make it difficult for organizations to respond quickly .
• C) widen the span of control in an organization.
• D) make an organization more centralized and mechanistic.
• E) increase groupthink within organizations.

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Definitions:

Tax-Deferred Plans

Investment accounts that allow taxes on the principal and/or earnings to be paid at a future date instead of the year the investment earns income.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.

IRA Contribution

Money placed into an individual retirement account (IRA) that may qualify for tax deductions or other tax advantages.

AGI

Adjusted Gross Income; a determinant of tax liability calculated by adjusting gross income for certain allowable deductions.