When a Minimal Number of Job Activities and Minimal Amount

question 11

Multiple Choice

When a minimal number of job activities and minimal amount of authority are delegated to subordinates,the organization is ________.

• A)decentralized
• B)formalized
• C)flat
• D)centralized
• E)functionally organized

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Definitions:

Capital Account Balances

Represent the net assets owned by shareholders or partners in an entity, reflecting investments, profits, and losses.

Net Income and Losses

The financial result for a period, calculated as the difference between total revenues and total expenses. If positive, it is net income; if negative, it is a net loss.

Creditors' Claims

The rights of creditors to demand payment from a debtor or the debtor's estate.

Noncash Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as real estate, equipment, and intellectual property.