A Firm Is Usually a Mix of Different Organizational Structures

question 51

True/False

A firm is usually a mix of different organizational structures, known as a hybrid structure.

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Definitions:

Franchising

A business model that allows individuals to own and operate a branch of a larger company using its brand name, systems, and processes.

Start-Up Cost

Initial expenses required to establish a business, including equipment, permits, and marketing.

Absolute Control

A situation where all power and decisions rest with one entity or individual, without any external influences or checks.

Double Taxation

The imposition of two or more taxes on the same income, asset, or financial transaction.