Which of the Following Is an Advantage of a Line

question 245

Multiple Choice

Which of the following is an advantage of a line organization in a large business?

• A) It does not require specialists to advise people along the line.
• B) Responsibility and authority are clearly defined.
• C) Each worker has several supervisors.
• D) It is very flexible.

Understand the legal requirements and implications of the Competition Act in Canada.

Analyze the enforcement mechanisms and powers of the Competition Tribunal under the Competition Act.

Understand the concepts of misleading advertising, restraint of trade, and restrictive trade practices as defined under the Competition Act.

Explain the exemptions and exceptions under the Competition Act.

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Definitions:

Strategic Thinking

The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will create a viable future for an organization.

Serial Entrepreneurs

describes individuals who repeatedly start new businesses and take on the risk of being an entrepreneur, moving from one venture to the next.

Entrepreneurship

The process of establishing a company or companies, bearing financial uncertainties with the aspiration for gains.

Entrepreneurship

The process of designing, launching, and running a new business, often characterized by innovation, risk-taking, and the pursuit of profit.