You Are Interested in Explaining the Different Types of Organizational

question 99

Multiple Choice

You are interested in explaining the different types of organizational designs to students of basic management. These students need to know the advantages and disadvantages of each structure as well as the structure's characteristics. You extol the virtues and benefits of standardization. You are probably promoting the ________.

• A) matrix structure
• B) virtual organization
• C) bureaucracy
• D) team structure
• E) simple structure

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Definitions:

Unearned Revenue

Money received by a business for goods or services yet to be provided; it is recorded as a liability until the goods or services are delivered.

Balance Sheet

A financial document showing what a company owns, owes, and the equity of its shareholders at a fixed point in time.

Trial Balance

An accounting table that aggregates all ledger balances into debit and credit columns, ensuring both totals are identical.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.