What Is a Strength of a Simple Structure

question 65

Multiple Choice

What is a strength of a simple structure?

• A) It focuses on results.
• B) Employees are grouped with others who have similar tasks.
• C) It is inexpensive to maintain.
• D) There are cost-saving advantages from specialization.

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Definitions:

Ownership Interest

Ownership interest refers to the rights and claims an individual or entity has on a property or business, often represented in terms of shares or equity.

Fiscal-Year End

The completion of a one-year, or 12-month, accounting period used by governments and businesses for financial reporting and budgeting.

Automatic Extension

An extension of time granted by the IRS for filing tax returns without needing to file a request form.

C Corporation

A legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.