A(n) ________ Is a Classification of People in an Organization

question 13

Multiple Choice

A(n) ________ is a classification of people in an organization according to authority and rank.

• A) hierarchy
• B) architecture
• C) culture
• D) orientation

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Definitions:

Profits

The financial return that exceeds the input costs associated with generating revenue, a fundamental measure of the success and viability of a business venture.

Franchise Fee

An upfront payment made by a franchisee to a franchisor for the rights to use the franchisor's brand and business model.

Shirking

The act of avoiding work or responsibilities, often covertly, within an employment context.

Franchising

A business model allowing individuals or entities to operate a business under the name and system of an established brand in exchange for a fee and ongoing royalties.