You Are Interested in Explaining the Different Types of Organizational

question 58

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

Compare and contrast different types of rationing mechanisms beyond price such as queuing and ration coupons.

Understand the role of opportunity cost in assessing the true cost of commodities or services.

Grasp the concept of supply and demand elasticity and how changes in these affect market outcomes.

Evaluate the effects of externalities and government policies on domestic production and consumption.

---

Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates, typically used to record its financial transactions.

Consolidated Balance Sheet

A financial statement that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries.

U.S. Dollars

The official currency of the United States, often symbolized as $.

Temporal Method

An accounting method used to translate foreign currency balances when the exchange rate fluctuates significantly, converting monetary items at the exchange rate of the transaction date.