Princeton University Has Very Rigid and Formal Entrance and Registration

question 58

Multiple Choice

Princeton University has very rigid and formal entrance and registration procedures.This enables the administration to process the large number of students in a uniform and equitable manner.This type of management system is indicative of a(n) ____ structure.

• A) matrix
• B) authoritarian
• C) bureaucratic
• D) organic
• E) democratic

---

Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically recognized on the income statement.

Goodwill

An intangible asset that arises when one company acquires another for a price higher than the fair value of its net tangible assets, representing elements like brand, customer base, and reputation.

Acquisition-Date Fair Value

The value of an asset or liability estimated at the date of acquisition based on its current market value.

Intra-Entity Debt Transactions

Financial obligations or loans between entities within the same corporate group, not necessarily evidenced in consolidated financial statements until settled externally.