Short Organizational Life Cycles Put More Pressure on the Organization

question 35

Multiple Choice

Short organizational life cycles put more pressure on the organization to:

• A)adopt a mechanistic structure.
• B)define employees' roles by formal documentation.
• C)adopt a tall organizational structure.
• D)be both flexible and efficient at the same time.

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Definitions:

Insurance Expense

The cost associated with premiums paid by a company to insure its property, assets, or operations against loss or damage.

Ledger Accounts

Records within accounting systems that collect data and transactions related to a specific asset, liability, equity, revenue, or expense.

Calendar Year-End

The end of the annual accounting period that coincides with the end of the calendar year, typically December 31.

Post-Closing Trial Balance

A financial statement listing all the accounts and their balances after closing entries are made, ensuring the accounts are ready for the next accounting period.