Larger Organizations

question 77

Multiple Choice

Larger organizations:

• A)make greater use of standardization than do smaller firms.
• B)have similar structures to smaller organizations.
• C)operate without any form of departmentalization for long periods of time.
• D)make less use of informal communication as a coordinating mechanism.
• E)are never decentralized.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Sale Of Equipment

The process of disposing of fixed assets, such as machinery, for cash or other compensation.

Operating Activities

These are the core activities that generate revenue and involve expenses for a company, including sales and service provision.

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada, focusing on simplicity and cost-effectiveness.