Which is a true statement about the principles of organization?Multiple choice question.Regardless of the business size the principles are similar.Only larger firms follow organizational principles.Only smaller firms follow organizational principles.The principles of organization vary depending upon the size of the firm.

Multiple Choice QuestionComparing the decision-making process between large and small firms, which of the following statements is accurate?Multiple choice question.Small businesses usually have only one layer of management that helps speed decision making.Small businesses often have multiple management layers that makes decision making a slow process.Large businesses usually have just one layer of management and, thus, can speed decision making in the organization.Large businesses can most rapidly respond to decisions of the organization.

Which of the following is true of organizational structure?Group of answer choicesThe more rigid the organizational structure, the more efficiently the firm deals with change.Organizational structure is of little relevance to businesses with over fifteen employeesThe simpler the organizational structure, the more positive is its impact on cash flow.Organizational structure cannot add to or detract from customer value.

Which of the following is NOT true about moral principles?The moral principles of an organization will govern the conduct of the individuals within the organization.The same moral principles are always shared among and followed by different social groups.Moral principles are principles of right and wrong that are accepted by an individual or a group.Businesses have a set of applied or professional moral principles that are relevant to them.

Which of the following is a true statement about the building blocks of an organizational structure?Multiple choice question.The most important building block is familiarity.The building blocks are different for every company.Hierarchy is one of the building blocks of an organizational structure.There are two building blocks, and they are interchangeable.

Identify a true statement about management control in a corporation.Multiple choice question.The entrepreneur who founded the corporation has sole authority over all business decisions.It is separated based on the types of business decisions.It is similar to the management control in a sole proprietorship.Minor stockholders have the most control and flexibility in making business decisions.