You Are Interested in Explaining the Different Types of Organisational

question 86

Multiple Choice

You are interested in explaining the different types of organisational 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. The structure that combines functional and product departmentalisation is the:

• A)team structure.
• B)matrix structure.
• C)bureaucracy.
• D)simple structure.

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Definitions:

Low Markups

Refers to the small difference between the cost of goods and their selling price, typically indicating a low profit margin.

Accounts Receivable Approach

A method focusing on the management and analysis of accounts receivable to improve a company's liquidity and operational efficiency.

Credit Policy

A credit policy is a set of guidelines that a company follows to determine the credit terms for customers, including payment terms, interest rates, and the criteria for extending credit.

All-Cash Policy

A business strategy in which transactions are conducted exclusively with cash, avoiding the use of credit.