A common characteristic of a centralized organization is:
A) democratic decision making.
B) decision making by top-level managers.
C) a flat span of management.
D) placing decision making near the customer.
E) authority placed at lower levels.
Question 2 - Looking at their _____________, Keurig can see their assets, liabilities, and net worth.
A) income statement
B) balance sheet
C) statement of cash flows
D) expense report
E) bank statement
Question 3 - Because Sears operates in a complex and dynamic environment, its store managers are given significant freedom to run their stores. This indicates that executive leaders at Sears headquarters:
A) centralize decision making.
B) deemphasize lower-level management training.
C) control their managers tightly.
D) deemphasize lower-level management accountability.
E) decentralize authority.
Question 4 - As the owner of a landscaping business, you review how your company did last month. You mowed over 300 lawns and made 8000. After paying your two employees, buying gas and supplies, and a new weed eater, your profit was 3500. All of this information is found on the ________ .
A) income statement
B) statement of cash flows
C) managerial accounting statements
D) balance sheet
E) cash flows from investing statement
Question 5 - The more a company needs to be innovative and responsive, the more likely the company will:
A) decentralize the organization.
B) choose functional departmentalization.
C) centralize the organization.
D) reduce delegation of authority.
E) decrease the workforce.