How Does Clan Control Differ from Bureaucratic Control and Market

question 118

Multiple Choice

How does clan control differ from bureaucratic control and market control?

• A)Clan control uses formal controls more often than market control and bureaucratic control do.
• B)Clan control does not assume that the interests of the organization and individuals naturally diverge.
• C)Clan control is based on past performance, whereas the other two try to influence future performance.
• D)Clan control is based on a more negative view of human character than the other two are.
• E)Clan control is more heavily based on economic factors than market control and bureaucratic control are.

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Definitions:

Restraint Of Trade

Any activity or agreement that restricts competition or interferes with the ability to conduct business freely.

Goodwill

The intangible asset representing the value of a business's reputation, customer relations, and brand identity that contributes to its profitability.

Usury Statutes

Laws regulating the maximum interest rates that can be charged on loans.

Real Estate Mortgages

A secured loan agreement where the borrower pledges real estate property as collateral for the loan, which the lender can seize if the loan isn't repaid.