Exam 8: Structuring Organizations for Todays Challenges

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When management structures the organization, it makes decisions about which products and services it will offer and how it is going to finance the company.

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An organizational hierarchy establishes one person at the top of an organization.

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Excite Enterprises, a corporation of amusement parks, uses an accounting firm to handle the payroll and tax functions for the company. Using the services of another firm in this manner is an example of

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Fayol believed that decision-making authority should remain in the hands of top management

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