Contingency Theory Proposes That the Best Organizational Structure Is That

question 50

Multiple Choice

Contingency theory proposes that the best organizational structure is that which ________.

• A) enables a firm to globalize quickly
• B) leads to a high-efficiency work system
• C) provides for balanced control of subsidiaries
• D) allows the firm to carry out its strategic goals

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Definitions:

Journal Entry

A record in accounting that documents a business transaction in the double-entry bookkeeping system.

Termination of Partnership

The process of dissolving a partnership agreement, often involving the distribution of assets and liabilities among the partners.

Liquidation of Assets

The process of selling a company's assets to generate cash, typically done when the company is closing or bankrupt.

Safe Cash Payment

A payment method deemed to have minimal risk of loss or fraud, ensuring the recipient receives the funds securely.