During 2020, Wu Han Co

question 20

Multiple Choice

During 2020, Wu Han Co. generated revenues of $95,000. The company's expenses were as follows: cost of goods sold of $47,000, and operating expenses of $16,000. Wu Han's net income is

• A) $27,000.
• B) $32,000.
• C) $48,000.
• D) $95,000.

Describe the technologies impacting organizational structure as identified by prominent researchers.

Differentiate between vertical specialization, chain of command, and span of control.

Explain horizontal specialization and its forms.

Understand environmental complexity and how it impacts organizations.

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Definitions:

Cotton Gin

A machine invented by Eli Whitney in 1793 that quickly and efficiently removed seeds from cotton fibers, revolutionizing the cotton industry.

Samuel Chase

An Associate Justice of the Supreme Court of the United States appointed by George Washington; known for his strong federalist views and later impeached, though acquitted, in an early test of the U.S. impeachment process.

Federalist Justice

A principle or practice of justice that aligns with Federalist ideals, emphasizing a strong centralized government, often in the context of the judiciary and constitutional interpretation.

American Declaration Of War

Formal declarations by which the United States officially enters into armed conflict with another nation or entity, historically issued by Congress.