Which of the Following Statements Is True Regarding a Virtual

question 52

Multiple Choice

Which of the following statements is true regarding a virtual organization?

• A) A virtual organization is sometimes called matrix organization.
• B) A virtual organization is highly decentralized.
• C) A virtual organization is characterized by a high degree of departmentalization.
• D) A virtual organization tends to have unclear roles, goals, and responsibilities.
• E) A virtual organization lacks flexibility.

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Definitions:

Equitable Assignment

An equitable assignment is the assignment or transfer of rights or interests in a property or contract to another party, recognized by equity and not necessarily by law.

Privity of Contract

A principle stating that only the parties involved in the contract have the rights and obligations under that contract.

Novation

The act of replacing an existing obligation with a new one, thereby extinguishing the original contract and creating a new agreement.

Statutory Assignment

refers to the legal transfer of rights from one party to another, based on statutory laws rather than contractual agreement.