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You Are Interested in Explaining the Different Types of Organizational

question 34

Multiple Choice

You are interested in explaining the different types of organizational designs to students of basic management. These students need to know the advantages and disadvantages of each structure as well as the structure's characteristics.
-You assign your students a project that involves developing a business plan for a retail store. The store will have 200 employees and will serve customers both locally and internationally via a storefront and an Internet catalogue. Which of the following organizational designs is least likely to benefit the goals of this retail store?


Definitions:

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay off its debts, ultimately leading to the company's dissolution.

Installment Program

A payment plan allowing customers to purchase goods by making a series of payments over time until the total debt is paid.

Liquidation Transactions

Sales or disposals of assets by a company, typically occurring when the company is ceasing operations, to pay off creditors and distribute any remaining assets to shareholders.

Profit and Loss Ratio

A financial metric that compares the profits and losses of a business in a specific time period, often used to gauge operational performance.

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