An organization in which executives are at the center, spreading their vision outward in rings grouped by function (managers, then specialists, then workers) is known as a ________.

a. circular structure
b. matrix structure
c. virtual organization
d. bureaucracy

Answer: a. circular structure

Business

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Using certainty factors, a rule declares that IF competition is strong, CF = 70 AND margins are above 15% CF = 100 THEN sales demand will decline. If both conditions are true, what is the CF of the conclusion?

A) 100% B) 70% C) 30% D) 21%

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Which of the following will decrease cumulative borrowing on the cash budget?

A) A decrease in interest expense B) A decrease in collections C) An increase in equipment purchases D) Both A and B

Business