You Have Learned About the Traditional and New Design Options

question 58

Multiple Choice

You have learned about the traditional and new design options for organizational structures. You have decided that one of the designs developed during the last decade or two is probably the most appropriate for your newly-formed organization.
-You have eliminated horizontal, vertical, and external barriers within your organization. You are operating as a ________.

• A) matrix organization
• B) virtual organization
• C) team structure
• D) boundaryless organization
• E) organizational pyramid

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Definitions:

Service Life

The estimated duration of time that an asset is expected to be usable for its intended purpose.

Asset Impairment

A significant and sudden decline in the usability or fair market value of an asset, which necessitates the reduction of its book value on financial statements.

FASB

Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofits in the United States.

Financial Statements

Reports that summarize the financial performance and financial position of a business, including the balance sheet, income statement, and cash flow statement.