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1. It may help to reduce the organisation’s operating costs.
2. It could lead to an improved relationship with shareholders and other stakeholders.
3. It may improve employee motivation.
4. It would be expected to reduce the administrative burden on management.
2. Private companies can raise share capital from venture capitalists.
Which FOUR of the following statements are correct?A. A virtual organisation exists where all non-core activities are outsourced to third parties.
B. A scalar chain refers to the number of levels of management within the organisation.
C. Entrepreneurial structures typically suffer from slow decision making.
D. An organisation’s span of control is unaffected by the nature of the work the organization undertakes.
E. Decentralisation tends to reduce training costs within the organisation.
F. A matrix structure may increase conflict between managers.
G. Tall organisations typically have a narrow span of control.
H. A ‘shared services approach’ refers to the centralisation of a previously dispersed function within the organisation.
Select the organisation that appropriately fills gap 1 above.
Select the organisation that appropriately fills gap 2 above.
Which FOUR of the following factors are included in Fayol’s five functions model?A. Planning
For each of the above scenarios, select the corporate governance concept being applied by:
A. Staff turnover will increase
B. Deadlines will be missed
C. Problems are not dealt with as they arise
Which TWO of the following are advantages of computerized accounting systems over manual systems?
A. Corrections can be made quicker
B. The risk of error is eradicated
C. Information is less accessible
D. Processing is faster
Which word fills in the blank above?
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