Scenario: Extreme Rug Jan Is the Project Manager of the Corporate

question 55

Multiple Choice

Scenario: Extreme Rug Jan is the project manager of the corporate structure team at Extreme Rugs.Jan's team has been assigned the task to study and evaluate Extreme Rugs' organizational structure.To collect the preliminary information, Jan divided the tasks among the team members to collect information on different elements of Extreme Rugs' structure.Jeremy was asked to collect information on the degree to which tasks are divided into separate jobs.Joy was asked to collect information on formal authority relationships, Alice started looking into how many employees each manager has responsibility for, and Kathy was asked to collect evidence on the degree to which rules and procedures are used to standardize behaviors at Extreme Rugs.Jan decided to collect information and evidence on where exactly decisions are formally made at Extreme Rugs.The team decided to meet with information in two weeks.On which element of organizational structure was Kathy asked to collect evidence?

• A)Chain of command
• B)Formalization
• C)Centralization
• D)Work specialization
• E)Span of control

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Definitions:

Liability Subsections

Refers to the various divisions or categories within liabilities on a balance sheet, detailing different types of obligations a company holds.

Current Liabilities

Financial obligations a company is expected to pay within one year, including accounts payable, short-term loans, and accrued expenses.

Asset Subsections

Categorizations within a company's assets on the balance sheet to provide detailed financial information.

Current Assets

Assets that are expected to be converted into cash, sold, or used up within one year or within the business's operating cycle, whichever is longer.