Which of the Following Is True of Trends in Organizational

question 23

Multiple Choice

Which of the following is true of trends in organizational designs?

• A) The growth of new technologies for information systems and social media is reducing new possibilities for creativity.
• B) Managers are trying to minimize the rate of delegation of work as it incurs heavy expenditures.
• C) Delegation and horizontal structures are contributing to more centralization in organizations.
• D) The complexity and uncertainty are prompting more organizations to shift toward organic designs.
• E) Organizations are lowering costs and increasing efficiency by employing more staff personnel and using larger staff units.

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Definitions:

Competitive Bidding

Competitive bidding is a procurement process where several suppliers or contractors submit their bids to win a contract for providing goods or services, ensuring transparency and fairness in the selection process.

Offer Price

The price at which a seller is willing to sell a security or commodity.

Best Efforts Offering

A best efforts offering is a type of security offering wherein an underwriter commits to sell as much of the offering as possible, but not to purchase the securities outright.

Financial Responsibility

Financial responsibility entails managing finances through prudent budgeting, saving, investing, and making informed financial decisions to ensure stability and growth of personal or business wealth.