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Peng Corporation has been authorized to issue bonds with interest payment dates of March 1 and September 1.If the bonds are sold at face amount on April 1,the amount of cash to be received by the issuer is equal to the face amount of the bonds
Organisational Design
The process of shaping an organization's structure and roles to align with its objectives, strategies, and environment.
Burns and Stalker
An approach to organizational theory that contrasts mechanistic vs. organic structures and emphasizes the importance of an organization's ability to adapt to its environment.
Mechanistic
Pertaining to an organizational structure characterized by clear hierarchies, rigid procedures, and a focus on efficiency and predictability, suitable for stable, unchanging environments.
Adaptive Organisations
Adaptive organisations operate with a minimum of bureaucratic features and encourage worker empowerment and teamwork.
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