Shane is the project manager of the organizational development team at Solid Hardwoods. Shane's team has been assigned the task of studying and evaluating Solid Hardwoods' organizational structure. Shane divided the tasks among the team members to collect preliminary information on different elements of Solid Hardwoods' structure. Meg was asked to collect information on the degree to which tasks are divided into separate jobs. Andrea was asked to collect information on formal authority relationships. Francine started looking into how many employees each manager has responsibility for, and Carol was asked to collect evidence on the degree to which rules and procedures are used to standardize behaviors at Solid Hardwoods. Shane decided to personally collect information and evidence on where
exactly decisions are formally made at Solid Hardwoods. The team decided to meet with information in two weeks.Meg was given the job of collecting information on which of the following elements of the organizational structure?
A. chain of command
B. formalization
C. work specialization
D. span of control
E. centralization
Answer: C
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A) conservatism B) materiality concept C) disclosure principle D) consistency principle
________ firms adopt an early-follower strategy to grab a dominant position more from their strengths in marketing and manufacturing than from technological innovation.
A. Defender B. First-move C. Prospector D. Analyzer E. Entrepreneurial
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makes a $10,000 loan to the partnership when it needs working capital. When the partnership is dissolved, its assets are $50,000, and its debts are $8,000. How should the assets be distributed?
The advantages of NPV are all of the following EXCEPT
A) it recognizes the timing of the benefits resulting from the project. B) it can be used as a rough screening device to eliminate those projects whose returns do not materialize until later years. C) it allows the comparison of benefits and costs in a logical manner through the use of time value of money principles. D) it provides the amount by which positive NPV projects will increase the value of the firm.