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:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, reducing its book value on the balance sheet.

Historical Cost

The original monetary value of an asset or investment, as recorded on the financial statements at the time of purchase or acquisition.

Declining-Balance Depreciation

A method of accelerated depreciation where an asset loses value by a fixed rate, resulting in larger depreciation charges in the earlier years and smaller charges in the later years.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up over a period.