Ross and Tony, father and son, opened a large boutique named Tradus in Chicago. Being the owners of the business concern, they decide about the important matters. All the rest of the decisions like product, finance, marketing, and personnel are carried out by the department heads, who have to act according to Ross's and Tony's instructions and orders. Which of the following is true about Tradus?
A. It has a very tall organizational structure.
B. The degree of formalization is very low in the organization.
C. It has a centralized system of decision making.
D. It has a narrow span of control.
E. It has a matrix organizational structure.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ross and Tony, father and son, opened a large boutique named Tradus in Chicago. Being the owners of the business concern, they decide about ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six 1-ounce chocolate bars (170 grams). a. Specifications for the 12-ounce bar are 320 grams to 360 grams. b.
Answers (1)
Davis purchased a brand-new television in six years ago for $1,200. This year, a fire occurred in his house and damaged his television.
Answers (1)
When Yasser joined the company he currently works for, his employer made him sign an agreement that said that he could not join a union during his time of employment there. In other words, they made him sign a yellow dog contract, and in response,
Answers (1)
Find the present value of a perpetuity of $1500 per year given a 20% opportunity cost.
Answers (1)
16. Suppose you decided to place $2,500 in a savings account at First Foremost Savings and Loan. If the account pays 7% compounded continuously, how much money will you have in the account after 15 years
Answers (1)
New Questions in Business
What role do business cycles play in a market economy?
Answers (1)
Locus Company has total fixed costs of $118,000. Its product sells for $55 per unit and variable costs amount to $39 per unit. Next year Locus Company wishes to earn a pretax income that equals 20% of fixed costs.
Answers (1)
Flex Co. just paid total dividends of $975,000 and reported additions to retained earnings of $2,925,000. The company has 675,000 shares of stock outstanding and a benchmark PE of 16.9 times. What stock price would you consider appropriate?
Answers (1)
The role of a labor union is to Question 6 options: serve as the spokesperson for a company's management. advocate against shareholder dividends. represent the interests of workers in employment matters. support a corporation's board of directors.
Answers (1)
Nathanael runs a government auto repair shop in the fictitious country of Zamiland. He would love to own his own shop, but he would have leave Zamiland to be able to do so.
Answers (1)