Chapter 4 Flashcards
Four different kinds of staff partnerships:
(1) Giving advice exclusively
(2) consulting
(3) Line managers
(4) Concurring Authority
An organizational structure in which each employee reports to both a functional or division manager and to a project or group manager.
Matrix Organization
________ is a special type of staff authority over others who are not their line subordinates.
Functional (specialized) authority
Three Types of Organizational Structure
Functional Organization
Product or Market Organization
Matrix Organization
____ is a one-person company that is both owned and run.
Sole Proprietorship
____ special sort of business owned by clients or users, to who typically distributes their earnings tax-free in proportion to their patronage.
Cooperatives
An organization of two or more partners to continue on as co - owners of a business for profit is referred to as ______.
Uniform Partnership Act
____ is a recently established business structure permitted based on state law.
Limited Liability Company (LLC)
The culture of an organization is not _______.
static
____ are legally recognized as being held by shareholders, who typically have no responsibility that goes beyond stock value loss.
Corporations
This is a form of departmentalization in which everyone engaged in one functional activity, such as engineering or marketing, is grouped into one unit.
Functional Organization
Legal form of organization
Sole Proprietorship
Partnership
limited liability company (LLC)
Corporations
Cooperatives
In a typical industrial firm, the three Ps are:
production
sales
finance
The advantages of pass-through taxation and flexibility. There is only ____ on income
one tax
Relationships are concentrated “facilitative activity” for the economy scale, consistency, or unique capacity, but merely serve to support the primary mission.
Service