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Table 15.4
Five organizations in your community are being studied using Mintzberg's perspective on organizational design. One is a high-tech organization with a simple structure, decentralized authority, and support staff is the dominant element in the organization. A second company operates in a stable industry, each employee's work is highly specialized, and decision-making is concentrated at the top of the organization. There is also a family medical practice with three doctors who are partners. The operating core is the dominant element, and decision-making is vested in the doctors. Finally, there is a retail dealer mall for antiques and collectibles, which is dominated by its strategic apex element.
-Refer to Table 15.4. The doctor's medical practice is an example of Mintzberg's:
Discount Period
The timeframe during which a discount is available or when a bill can be settled at less than its face value.
Sales Allowance
A reduction in the price of goods sold, usually given after the sale to account for defects or errors in shipment.
Refund Liability
An obligation to return funds to a customer, often recognized in situations where returns or cancellations are expected.
Freight Paid
The cost incurred by a company to transport goods, often recognized as an expense in the income statement.
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