The Most Common Building Blocks for a Company's Organizational Structure

question 63

Multiple Choice

The most common building blocks for a company's organizational structure

• A)are almost always the departments performing such key administrative support functions as finance,accounting,information technology,human resource management,and R&D.
• B)involve a functional or departmental structure that includes process,geographic,product,or customer groups performing one or more major processing steps along the value chain.
• C)typically consist of an unempowered employee department,an empowered employee department,teams of front-line supervisors,teams of middle-level managers and administrators,and the group of top-level executives who comprise the company's executive suite.
• D)usually consist of supply chain management,components manufacture,assembly,distribution,and administration.
• E)usually consist of two divisions: a division charged with performing primary value chain activities and a division charged with performing support activities.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate forecasting and planning.

Customers Served

The number of customers who have received services or goods from a business.

Revenue Formulas

Mathematical expressions or models used to calculate a company's earnings from its operations over a period.

Planning Budget

A forecast of income and expenditure over a specified future period, used to guide the financial direction of a business.