You Are Interested in Explaining the Different Types of Organizational

question 82

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 explain to your students the structure of a local grocery store situated in your neighborhood. The store employs two full-time employees, a salesperson and a cashier. The owner of the store acts as its manager and makes all the decisions. Which of the following organizational structures is being described by you?

• A) matrix structure
• B) virtual structure
• C) bureaucracy
• D) boundaryless structure
• E) simple structure

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Definitions:

Present Value Table

A table used to calculate the present value of a future amount of money or stream of cash flows given a specific discount rate.

Present Value of $1

The current worth of a single dollar to be received in the future, discounted at a specific interest rate.

Borrowed Asset

An asset that is temporarily acquired from another party under a loan agreement, to be returned after a specified period or upon fulfilling certain conditions.

Ordinary Annuity

A series of equal payments made at the end of consecutive periods over a fixed length of time.