As a Firm Grows It May Find That the Various

question 40

Multiple Choice

As a firm grows it may find that the various parts of the business are too large to effectively coordinate with a simple functional structure. In this case, the firm develops a(n) :

• A) SBU.
• B) matrix structure.
• C) multidivisional structure.
• D) entrepreneurial structure.

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Definitions:

Partnership Interest

The share or portion of the rights, profits, and losses in a partnership business allocated to a particular partner.

Management of Business

Involves overseeing the administration and strategic planning of a company or organization to ensure goals and objectives are achieved.

Essential Elements

The necessary components or factors required for a legal claim, contract, or theory to be valid or actionable.

Equal Right

The principle that all individuals are entitled to the same rights and treatment under the law.