Which Type of Organizational Structure Organizes People Around a Form

question 57

Multiple Choice

Which type of organizational structure organizes people around a form of departmentalization (e.g., product, process) ?

• A)matrix
• B)functional
• C)flatarchy
• D)divisional
• E)network

Define and differentiate between key costing terms, understanding their roles in cost analysis and management.

Analyze and interpret the overall performance of a company using variance analysis.

Recognize the importance of standards in costing and their role in the identification of inefficiencies and waste.

Understand the concept and purpose of continuous budgeting.

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Definitions:

Environmental Assessment

The process of evaluating the potential environmental impacts of a planned project or development before decisions are made.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Analyzing

The process of examining financial data to understand the state of a business, spot trends, or make decisions.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.