Which of the Following Statements About the Informal Organization Is

question 73

Multiple Choice

Which of the following statements about the informal organization is true?

• A)Informal organizations never provide members with status and recognition; that is the function of the formal organization.
• B)Management should not be concerned about the informal organizations ever conflicting with the goals of the formal organization.
• C)The group norms of the informal organization are developed and implemented by the formal organization.
• D)The informal organization learns information about the formal organization through the grapevine.
• E)All of the above statements about the informal organization are true.

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Definitions:

Lock Box System

A service offered by banks to process payments received by a company directly into its bank account, speeding up the collection and utilization of funds.

Check Clearing

The process of transferring funds from the check writer's account to the recipient's account, finalizing the payment.

Compensating Balance

A minimum account balance that a borrower is required to maintain as a condition for obtaining a loan, it compensates the bank by offsetting the cost of providing the loan.

Effective Interest Rate

The interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears.