Jacob Was Recently Looking at His Company's Organization Chart in an Attempt

question 89

Multiple Choice

Jacob was recently looking at his company's organization chart in an attempt to discover who reports to whom. Jacob is studying his organization's:

• A) degree of formalization.
• B) amount of differentiation.
• C) degree of centralization.
• D) chain of command.
• E) division of labor.

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Definitions:

Operating Policies

Rules and guidelines that govern the activities and decisions of an organization.

Equity Method

An accounting technique used to record investments in other companies when the investor has significant influence but does not have full control.

Cash Surrender Value

The amount an insurance policyholder is entitled to receive if they decide to terminate the policy before it matures or an insured event occurs.

Annual Premiums

Annual premiums are the amount paid yearly for insurance coverage or other similar policies.