COST ACCOUNTING
RESPONSIBILITY ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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accountability network can be referred to as organizational structure
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The responsibilities assigned can overlap if the one given the authority hesitates to carry it out
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responsibility center can be chaired by more than 1 person
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The owner of the company is fully responsible for the CEO of the company
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Detailed explanation-1: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures. Others include circular, team-based, and network structures.
Detailed explanation-2: -Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command. These elements comprise an organizational chart and create the organizational structure itself. “Departmentation” refers to the way an organization structures its jobs to coordinate work.
Detailed explanation-3: -A network organizational structure is one in which organizations group certain types of employees together based around a common specialization. These employees then form partnerships with other specialists from throughout the organization to take on new projects and work toward a common goal.
Detailed explanation-4: -The three main organizational structures are Hierarchical, Sequential, and Matrix.