You Are Interested in Explaining the Different Types of Organizational

question 82

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 explain to your students the structure of a local grocery store situated in your neighborhood. The store employs two full-time employees, a salesperson and a cashier. The owner of the store acts as its manager and makes all the decisions. Which of the following organizational structures is being described by you?

• A) matrix structure
• B) virtual structure
• C) bureaucracy
• D) boundaryless structure
• E) simple structure

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Definitions:

Work In Process Inventory

Represents the cost of unfinished goods that are in the production process at a certain point in time.

Finished Goods Inventory

The value of products that have completed the manufacturing process but have not yet been sold to customers.

Raw Materials Inventory

An account on the balance sheet that represents the cost of materials that have not yet been converted into finished products by a manufacturing company.

Finished Goods Inventory

The stock of final products that are ready to be sold but have not yet been sold to customers.