What Type of Organizational Structure Do Most Small Businesses Follow

question 91

Multiple Choice

What type of organizational structure do most small businesses follow?

• A) Divisional structure by product
• B) Functional structure
• C) Divisional structure by customer
• D) Process type structure
• E) Matrix structure

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Definitions:

Lump Amount

A single large sum payment or investment, as opposed to smaller, regular payments or investments.

Retirement

The period in life when one chooses to permanently leave the workforce behind, usually upon reaching a certain age or financial standing.

Compounded Semi-Annually

A method where interest is calculated and added to the principal at six-month intervals, resulting in interest on interest.

Annuity

A series of equal payments at regular intervals.