Bret First Opened His Hardware Store in 1946

question 67

Multiple Choice

Bret first opened his hardware store in 1946.His sons took over when Bret retired,and now Bret's grandchildren run the store.This type of family business is known as:

• A)a sibling partnership.
• B)a franchise.
• C)a cousin consortium.
• D)an owner-managed business.

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Definitions:

Mechanistic Organization

A form of organizational structure characterized by rigid hierarchies, strict rules, and a high degree of formalization.

Rules And Procedures

Rules and procedures are formal guidelines within an organization that outline expected behaviors, processes, and standards for conducting activities.

Closely Supervised

A management approach where employees or team members are monitored and directed very closely by their superiors.

Organization Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.