Which of the Following Is True of a Functional Structure

question 14

Multiple Choice

Which of the following is true of a functional structure?

• A) It offers a lower degree of specialization than a simple structure.
• B) It relies on a relatively flat organizational structure.
• C) It offers decentralized management.
• D) It relies on bottom-up communication rather than top-down communication.

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Definitions:

Liquidating

The process of converting a company's assets into cash and distributing it to the debt holders and shareholders during the winding up of the company.

Capital Account Balances

The values recorded in a country's or organization's financial accounts, related to capital assets and liabilities.

Profit and Loss Sharing

An arrangement in business and finance where profits and losses are shared among partners or stakeholders, commonly used in Islamic finance.