Demarkus Finally Received Financial Backing from His Wealthy Aunt in Order

question 10

Multiple Choice

Demarkus finally received financial backing from his wealthy aunt in order to open a pawn shop. He contacted the landlord of a nearby shopping center since he had his eye on a vacant storefront. To his surprise, his request for a lease was denied. What most likely prevented the landlord from leasing to Demarkus?

• A) A fixed-rate clause
• B) An escape clause
• C) A licensing clause
• D) A prohibited-use clause
• E) An exit clause

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Definitions:

Bureaucratic Structure

An organizational structure characterized by formal procedures, hierarchy, and clear division of labor.

Authority-And-Responsibility

Concerns the distribution of tasks and the accompanying expectation of accountabilities within an organization, ensuring that individuals have the rights and obligations to execute their roles.

Scalar Principle

An organizational principle that outlines a clear and direct line of authority in the hierarchy from the top of the organization to the lowest level.

Boundaryless Organizations

Organizations that are not defined by, or limited to, traditional hierarchical structures or physical boundaries, enabling more fluid and flexible approaches to business operations.