Match each term with the correct statement below.
a. functional structure
b. matrix structure
c. unity of command
d. scalar principle
e. product structure
f. span of control
g. coordination
h. division of labor
1. What is the concept that involves specialization and the division of work into smaller units?
2. Managers must be concerned with the flow of information between jobs in order to achieve organizational goals.
3. An individual should report to only one supervisor or superior.
4. Which organizational structure violates the unity of command principle?
5. What is the concept that involves the continual flow of authority and responsibility from the top of the organization to the bottom?
1. H) division of labor
2. G) coordination
3. C) unity of command
4. B) matrix structure
5. D) scalar principle
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Blake and Ryan each invest $30,000 in a business and are given shares of stock in Jones Industries as evidence of their ownership interests. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
Yahoo allows users to create their own Yahoo experience defining the look and content of their Yahoo web page. Which element of the customer interface does this illustrate?
A. content B. connections C. context D. customization E. communication
Depreciation measures the decline in market value of an asset.
Answer the following statement true (T) or false (F)
Who is typically the most informed person about a company’s abuses?
a. an employee b. a customer c. a supplier d. a government auditor