Soprano Industries Follows a Chain of Command with Authority Moving

question 134

True/False

Soprano Industries follows a chain of command with authority moving from the top of the hierarchy down to lower-level managers.The company is organized by department with established rules and regulations that everyone is expected to follow.All of these characteristics suggest that Soprano is an example of a bureaucratic organization.

---

Definitions:

CCC/C

A credit rating symbol used by rating agencies to denote a high risk of default; regarding bonds or loans, it signifies very poor credit quality.

Default Rate

The percentage of borrowers who fail to make payments on their debts or loans as agreed, leading to a default status.

Moody's "Aaa"

The highest credit rating given by Moody's Investors Service, denoting the lowest risk of default for bonds and other fixed-income securities.

Default Rate

The percentage of borrowers who fail to remain current on their loans or credit agreements, indicating the level of credit risk associated with a loan portfolio.