A Disadvantage of a Functional Organisational Structure Is That the Hierarchical

question 51

True/False

A disadvantage of a functional organisational structure is that the hierarchical structure causes communication, problem resolution, and decision making to be fast and efficient.

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Definitions:

Disbursements Schedule

A plan that outlines the expected payments to be made by an organization over a specified period.

Production Budget

An estimation of the number of units that must be produced in a given period to meet both sales and inventory needs.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Budgeted Sales

Projected sales for a future period, estimated based on market analysis, historical data, and anticipated market conditions.