A Flatter Organizational Structure

question 52

Multiple Choice

A flatter organizational structure

• A) is helpful for small companies only.
• B) tends to increase the chance of communication breakdowns.
• C) is obsolete now that social networking is so widespread.
• D) helps make communication flow more efficiently.

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Definitions:

Financial Position

A snapshot of what a company owns (assets) and owes (liabilities), showing its net worth at a specific point in time.

Specific Date

A particular day identified by its unique combination of day, month, and year.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's financial condition at a specific moment, showing assets, liabilities, and equity.

Tax-Mapping Line

A specific designation or classification used in accounting software to allocate transactions for tax preparation purposes.