Underfoot Constructions is a firm with a distinct division of labor and a consistent set of rules. The managers of the firm conduct business in an impersonal way and do not socialize with their subordinates outside of work. In the context of the universal perspectives of organizational design, which of the following terms best describes this firm?
a. Corporation
b. Bureaucracy
c. Conglomerate
d. Technocracy

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan