M: Management
M: Management
6th Edition
ISBN: 9781260485301
Author: BATEMAN, Thomas
Publisher: MCGRAW-HILL HIGHER EDUCATION
bartleby

Concept explainers

Question
Book Icon
Chapter 7, Problem 1LO
Summary Introduction

To discuss: The fundamental characteristics of organizational structure.

Expert Solution & Answer
Check Mark

Explanation of Solution

The fundamental characteristics of an organizational structure are the following:

  • Span of control: The span of control is considered as the maximum number of employees a supervisor can control efficiently and effectively.
  • Centralization: The centralization means the decision making authority is vested in the hands of top management or higher levels of management only.
  • Decentralization: The decentralization is a process of disbursement of authority in the lower levels of management.
  • Departmentalization: The departmentalization is consider as grouping of individual in to several departments based on the work performed by them.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Kim and Park (2011) argue that corporate social responsibility (CSR) activities not only have value for benefitting social causes but can also be regarded as recruiting tools for attracting potential employees who perceive the organization and its CSR activities as an ethical fit. The foundation of this argument comes from an organizational perspective that views employees as important assets for a corporation. Coming from this perspective would mean that corporations would be cognizant about the imperative to have an active CSR program that matches corporate values, missions, and cultures. Walmart Inc is the company of choice.  What are Walmart Inc CSR activities? What do these activities communicate about Walmart Inc? Assess whether these activities are cause beneficial or cause exploitative? Give evidence for the answer. Would it be considered working for Walmart Inc?
The following cost data relate to the office overhead costs of Hamilton Accounting Services during the just-completed year: • Office rent: $32,400 Office supplies: $6,980 Utilities, office: $18,250 • Salary, office manager: $62,180 • Salary, receptionist: $40,560 • • Depreciation-office equipment: $13,750 Software licensing fees: $27,320 Other miscellaneous expenses: $35,600 Total overhead costs: $237,040 The company applies overhead costs using a predetermined overhead rate of $7 per accountant hour. A total of 36,200 accountant hours was recorded for the year. Compute the amount of under- or overapplied overhead cost for the year.
Describe the need for financial reports for the following stakeholders.a. The Community (3 marks)b. Creditors (4 marks)
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning