Which of the following statements is true regarding a matrix structure?
A) A matrix structure has a clearly defined hierarchy of authority.
B) An organization using a matrix structure can quickly respond to changing needs of customers.
C) A matrix structure is characterized by clearly defined roles.
D) Organizations with matrix structures tend to have the tallest hierarchies.
B
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Unamortized Bond Premium is added to Bonds Payable on the balance sheet
Indicate whether the statement is true or false
At December 31 . 2014 and 2013 . Rollins Corp had 200,000 shares of common stock and 20,000 shares of 5 percent, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2014 . Net income for 2014 was $1,000,000 . For 2014, basic earnings per common share amounted to
a. $5.00. b. $4.75. c. $4.50. d. $4.00.