A Well-Designed Organizational Structure at an Entity

question 5

Multiple Choice

A well-designed organizational structure at an entity

• A)has operations and programming personnel tasks combined.
• B)clearly defines authority and responsibility assignments.
• C)requires that wage rates are recorded and tracked by the human resources department.
• D)has the internal audit department report to the Chief Financial Officer.

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Definitions:

Large Business

A corporation or conglomerate with extensive operations, high revenue, and a significant number of employees.

Managing and Coordinating

The processes of directing, overseeing, and orchestrating activities within an organization to achieve predetermined objectives.

Minimum Efficient Scale

Minimum efficient scale is the smallest scale of production at which a firm can achieve long-term average costs that are as low as possible.

Output Level

The amount of products or services that a business or sector generates during a specific period.