Because of Advances in Computer Technology, Most Businesses Do Not

question 3

True/False

Because of advances in computer technology, most businesses do not need to buy office supplies or the services of freight and transportation companies.

Understand the key characteristics and criticisms of bureaucratic organisational forms.

Identify the advantages and disadvantages of various organisational structures, including functional, matrix, team, network, and organic structures.

Recognize the implications of external environment stability on organisational design choices.

Comprehend the concept of adaptive organisations and their benefits.

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Definitions:

Distribution of Assets

The process of allocating assets among beneficiaries, heirs, or other designated parties, usually following a legal procedure like a will or bankruptcy.

Administrative Expenses

Costs associated with the general operation of a business, such as salaries, rent, and utilities, not directly tied to producing goods or services.

Financial Distress Costs

Costs associated with a company's financial trouble leading to bankruptcy or restructuring, including legal fees, loss of goodwill, and disruption of operations.

Corporate Default

The failure of a company to fulfill its financial obligations, such as missing a debt payment or failing to repay a loan as agreed.