When should an organization choose the functional structure? What are its advantages and disadvantages?
What will be an ideal response?
The functional structure organizes people around a specific set of activities—such as marketing, production, or engineering. Individuals gain a high degree of expertise in their area. It works well in a stable environment. However, there is often a struggle between departments. For instance, the marketing department has a different agenda than the production department.
You might also like to view...
Bonds that are subject to retirement prior to maturity at the option of the issuer are called
a. debentures b. callable bonds c. early retirement bonds d. options
When an enterprise increases its interest in an investment in equity securities accounted for by the fair value method, and changes to the equity method, what is the initial carrying value for purposes of subsequent application of the equity method?
a. Book value at the date of the change b. Original cost plus or minus the net market value change since acquisition c. Market value at the date of the change d. The amount that would be reflected in the investment account had the equity method been in use continually since the purchase of the securities
An instrument that is not payable to a specific payee or indorsee is called an order paper
Indicate whether the statement is true or false
Which of the following utilities satisfies wants by providing goods and services at a convenient location for customers?
A. Place utility B. Ownership utility C. Time utility D. Form utility