Compare and contrast the three common organizational designs: simple structure, bureaucracy, and matrix structure

What will be an ideal response?

a) The simple structure is said to be characterized most by what it is not rather than what it is. The simple structure is not elaborate. It has a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization. The simple structure is a "flat" organization; it usually has only two or three vertical levels, a loose body of employees, and one individual in whom the decision-making authority is centralized.
b) Standardization is the key concept that underlies the bureaucracy. It is characterized by highly routine operating tasks achieved through specialization, very formalized rules and regulations, tasks that are grouped into functional departments, centralized authority, narrow spans of control, and decision making that follows the chain of command.
c) The matrix combines two forms of departmentalization: functional and product. It breaks the unity-of-command concept. Employees in the matrix have two bosses—their functional department managers and their product managers. Therefore, the matrix has a dual chain of command.

Business

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IPO is an acronym that stands for:

a. initial public obligation. b. initial public stock offering. c. innovative process for organizing. d. immediate principal obligation. e. instant public obligation.

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Gloria owns a piece of real property. She sells one-half of this property to Sam, but reserves the

rights to cross over Sam's land to get to her remaining one-half. Gloria has created a(n): A) Easement a pendre. B) License. C) Easement appurtenant. D) Profit. E) Easement in gross.

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