Which of the Following Statements About Simple Organizational Structures Is

question 70

Multiple Choice

Which of the following statements about simple organizational structures is false?

• A) Small firms with a narrow product-market scope will adopt such a structure.
• B) Decision-making authority is highly centralized.
• C) There is little specialization of tasks.
• D) Creativity and individualism are rare.

Identify and explain the four building blocks of financial statement analysis.

Apply financial ratios to assess market prospects including price earnings ratio and dividend yield.

Explain the purpose of financial statement analysis for both external and internal users.

Understand the concept and impact of self-esteem on personal and professional growth.

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Definitions:

Factor Prices

The market prices of the inputs used in production, such as labor, capital, and land.

Minimum Cost

The lowest possible expense that can be incurred in the production of a good or service without sacrificing the quality or quantity.

Cost of Producing

The total expense incurred in the manufacture or production of a good, including raw materials, labor, and overhead.

Metal Alloy

A substance composed of two or more metals or a metal and a non-metal, mixed together to attain desired physical or chemical properties.