What is organizational structure and why is it important?
What will be an ideal response?
Organizational structure refers to the formalized patterns of interactions that link the tasks, technologies, and people of the firm. Structures help to ensure that resources are used effectively in accomplishing the organization mission. Structure provides a means of balancing two conflicting forces: a need for the division of tasks into meaningful groupings and the need to integrate such groupings in order to ensure efficiency and effectiveness. Structure identifies the executive, managerial, and administrative organization of a firm and indicates responsibilities and hierarchical relationships. It also influences the flow of information as well as the context and nature of human interactions.
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Treasury stock should be reported in the financial statements of a corporation as a(n)
a. investment b. liability c. current asset d. deduction from stockholders' equity
A variable interest in a variable interest entity (VIE) may arise from all of the following except
a. management contracts. b. service contracts. c. leases. d. defined-benefit pension plans.
Which of the following statements about opinion leaders is true?
A. Opinion leaders on one subject aren't necessarily opinion leaders on another. B. Opinion leaders are the same as reference groups. C. Favorable publicity from opinion leaders rarely helps a marketing mix. D. Opinion leaders are usually wealthier and better educated than others. E. Firms always aim their marketing mixes at general consumers, not opinion leaders.
What provides real-time information in response to query requests?
A. Information level B. Real-time systems C. Information systems D. Information quality