Functional Departmentation May Be Based on Division of the Organization

question 289

Multiple Choice

Functional departmentation may be based on division of the organization according to

• A)different products.
• B)different skills and responsibilities of individuals.
• C)different geographic areas.
• D)different customer types.
• E)different services offered to external customers.

Appreciate the importance of human relations and social aspects in workplace productivity and motivation.

Recognize various management theories, including scientific management, administrative principles, and behavioral approaches, and their application in organizational settings.

Understand the importance of clear communication channels and the principle of the scalar chain in organizations.

Appreciate the significance of worker participation, employee ownership, and shared management principles for enhancing organizational commitment and productivity.

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Definitions:

Conversion Warrant

A conversion warrant is a financial derivative that gives the holder the right, but not the obligation, to convert the warrant into the underlying company's stock at a specific price before expiration.

Strike Price

The set price at which the holder of an options contract can buy (call option) or sell (put option) the underlying asset.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, often represented by government bonds.

Call Option

A call option is a financial contract that gives the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.