The Process of Creating, Selecting, or Changing the Structure of an Organization

question 58

Multiple Choice

The process of creating, selecting, or changing the structure of an organization refers to:

• A)formalization.
• B)organizational design.
• C)specialization.
• D)span of control.
• E)work differentiation.

---

Definitions:

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Time Value

The principle that having money now is more valuable than the same sum in the future because of its ability to earn more over time.

Money

A medium of exchange that facilitates the transfer of goods and services and serves as a measure of value and a store of wealth.

Interest

The cost of borrowing money or the payment received for the lending of resources, typically expressed as a percentage rate over a period of time.