An Organic Structure Has

question 126

Multiple Choice

An organic structure has:

• A)a narrow span of control and low formalization.
• B)centralized decision making and a wide span of control.
• C)decentralized decision making and low formalization.
• D)a high degree of formalization and a wide span of control.
• E)functional departmentalization and a high degree of formalization.

Comprehend the concept of globalization and its components including the exchange of money, goods, and services.

Recognize the economic disparities between nations through understanding GDP per capita.

Understand the role of transnational corporations (TNCs) and their influence on global economy.

Learn about the historical examples of economic and political dominance, such as colonization.

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Definitions:

Deferred Income Tax Liability

A tax obligation due in the future for income that has been recognized in the financial statements before it is taxable.

Income Tax Expense

The cost to a company for its taxable income, calculated according to the applicable tax laws governing the period.

Accrued Vacation Benefits

The amount of vacation time earned by employees but not yet taken or paid out, often recorded as a liability on the employer's balance sheet.

Adjusting Entry

An accounting entry made in the general ledger to update the book values of assets, liabilities, revenues, and expenses at the end of an accounting period.