Examlex
What is the difference between a general partner and a limited partner? Give an example of a situation in which a person would want to be a limited partner.
Departmentalization
The organizational practice of dividing a business into different departments, each responsible for specific tasks or functions.
Geographic Divisional Structure
A type of organizational structure where operations are segregated based on geographical regions, allowing for tailored strategies that fit local needs.
Functional Structure
An organizational design that groups employees based on their activities, tasks, or functions, such as marketing, finance, or production.
Skill Specialization
The process of focusing individuals' training and job roles on specific skills, making them experts in particular tasks or operations within an organization.
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