In Many Nonprofit Situations,the Consumer Is Not Charged a Tangible

question 164

Multiple Choice

In many nonprofit situations,the consumer is not charged a tangible price yet must absorb time costs,embarrassment costs,or effort costs.These costs are called the organization's:

• A) liquidity fees
• B) financial costs
• C) fiscal prices
• D) nonfinancial prices
• E) retained earnings

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Definitions:

Wider Spans Of Control

A management structure where a single supervisor oversees a larger number of subordinates, promoting autonomy and reducing hierarchical layers.

Management Overhead Costs

Expenses related to the administration and general operations of a business that are not directly tied to specific project activities or production.

Mechanistic Design

An organization structure that is centralized, with many rules and procedures, a clear-cut division of labour, narrow spans of control, and formal coordination.

Decentralization

The distribution of administrative powers or functions across various levels and departments within an organization, promoting autonomy and flexibility.