When an Organization Becomes "Flatter," It Means There Are Fewer

question 27

True/False

When an organization becomes "flatter," it means there are fewer organizational layers between front-line employees and executives.

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Definitions:

Trade Acceptance

A draft that is drawn by a seller of goods ordering the buyer to pay a specified sum of money to the seller, usually at a stated time in the future. The buyer accepts the draft by signing the face of the draft, thus creating an enforceable obligation to pay the draft when it comes due. On a trade acceptance, the seller is both the drawer and the payee.

Draft

A preliminary version of a document or an order for payment issued by one party to another.

Buyer

An individual or entity that purchases goods or services from another party in an exchange transaction.

Pay

The monetary compensation received by an individual for their services or work.