_{9 A(n) organization is an organization that is characterized by}

question 11

Multiple Choice

_{9. A(n) organization is an organization that is characterized by specialized jobs and responsibilities,}
Precisely defined, unchanging roles, and a rigid chain of command based on centralized authority and vertical communication.

• A) modular
• B) departmentalized
• C) standardized
• D) organic
• E) mechanistic

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Definitions:

Compound Interest

Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Future Value

The value of an investment at a specified future date, taking into account factors like interest rates and compounding.

Compounded Annually

Interest on an investment that is calculated once per year, adding to the principal amount for future interest calculations.

Profit-Sharing

A company policy of distributing a portion of net profits among its employees as a form of incentive and reward.