In the Context of Different Forms of Organizational Structure,which of the Following

question 73

Multiple Choice

In the context of different forms of organizational structure,which of the following is true of line structure?

• A)It has an ambiguous chain of command.
• B)It slows down decision making.
• C)It is the simplest organizational structure.
• D)It requires managers to specialize in any one particular skill.
• E)It is common in large,multinational organizations.

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Definitions:

Net Float

The difference between checks written against and deposited in an account, not yet cleared by the financial institution.

Cash Inflows

Money received by a business from its various activities, including sales, financing, and investments, contributing to its net cash flow.

Lockbox Systems

A service offered by banks to companies for the receipt of payment from customers, involving the use of specially designed lockboxes to speed up collections.

Lockbox Plan

A banking service that speeds up collection and processing of company receipts by having those payments mailed directly to a location accessible by the bank.