Bureaucracies

question 56

Multiple Choice

Bureaucracies

• A) are generally inefficient.
• B) are generally efficient.
• C) are gradually replaced by nontraditional structures.
• D) are positively related to worker job satisfaction and initiative.

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Definitions:

Balance Sheet

An accounting report displaying the financial condition of a business, including what it owns, owes, and the equity held by shareholders on a given date.

Leases

A contractual arrangement where a lessee (user) pays the lessor (owner) for the use of an asset for a specified period of time.

FASB

Financial Accounting Standards Board. The body within the accounting profession that sets rules and standards for the form and content of financial statements.

Yields

The earnings generated and realized on an investment over a particular period, expressed as a percentage of the investment's cost.