Gibson United Is a New Firm Located in Chicago

question 84

Multiple Choice

Gibson United is a new firm located in Chicago.The firm has to hire qualified individuals,compartmentalize them into different departments,and hire a set of managers who will be able to instruct,monitor,and guide these employees to ensure smooth functioning of the organization.In this scenario,Gibson United is engaging in creating a(n) _____.

• A) information system
• B) task-design procedure
• C) reward system
• D) organizational structure
• E) staffing solution

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Definitions:

Net Income Attributable

The portion of net income (profit) that is available to the shareholders, after accounting for dividends to preferred stockholders and other adjustments.

Noncontrolling Interest

A stake in a company that is less than 50%, implying that the holder does not have control over the company's operations.

Equity Method

The equity method is an accounting technique used to record investments in associate companies where the investor has significant influence but does not control the company outright, typically identified by owning 20-50% of the voting stock.

Deferred Intra-entity

Pertains to transactions between entities within the same company that are not settled immediately but are recorded and settled at a later date.