Today's Preference to Flat Vs

question 128

Multiple Choice

Today's preference to flat vs.tall organization structures is mainly due to a flat organization's ability to:

• A)encourage esprit de corps among employees in various departments.
• B)increase the cost of labor through economies of scale.
• C)respond readily to customer demands.
• D)increase sales through multiple customer contacts by several layers of management.

Comprehend the relationship between risk and return in financial markets.

Identify the role of investment banks in capital raising and financial advising.

Understand the principles of passive and active portfolio management.

Understand the basic concepts and principles of operant and classical conditioning.

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Definitions:

Managerial Responsibility

The obligation of managers to make decisions, supervise subordinates, and implement activities that contribute to achieving the organization's objectives.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor used in the production process.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, providing a more useful comparison for actual versus budgeted performance.

Budgeted Costs

Estimated financial plan for expenditures over a specified period.