Which of the following may be true about Greiner’s model in practice?
a. It allows for sufficient ambiguity to account for differences in organizations
b. Managers can and should seek a point of complete equilibrium where all aspects of the organization work in harmony
c. Organizations that develop differently than Greiner’s model can still be successful
d. It allows leaders to develop all necessary perspectives and get rid of all biases and preferences during the change process
c. Organizations that develop differently than Greiner’s model can still be successful
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A company fails to record one storeroom full of inventory in its year-end inventory records. As a result, this will cause:
a. an overstatement of inventory on the year-end balance sheet. b. an understatement of gross profit in the following year. c. an overstatement of retained earnings at the end of the year. d. an overstatement of cost of goods sold for the current year.
Which of the following describes the environment in internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) The environment is the "tone at the top" of the business. C) The environment is designed to ensure that the business earns profit. D) A company must identify its risks.
Self-regulation begins with the interaction of client and agency when
A. there has been an omission of advertising substantiation. B. a consent order is signed. C. ads are aired in foreign nations. D. creative ideas are generated and submitted for consideration. E. a company is charged with a lawsuit for deceptive advertising.
Of Mintzberg’s five structures, which one is characterized by the use of autonomous divisions comprised of experts that take responsibility for producing specialized products for its market?
a. Professional bureaucracy b. Adhocracy c. Autonomous bureaucracy d. Divisionalized form