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

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Definitions:

Cumulative Translation Adjustment

An entry in the accumulated other comprehensive income section of a translated balance sheet summarizing the gains or losses from currency translation differences.

Remeasurement Gain or Loss

A financial result that occurs when the value of a foreign currency transaction is adjusted to reflect exchange rate changes at the balance sheet date.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, vital for making financial decisions.