______ Is an Organizational Style Characterized by Formalized Rules and Regulation

question 28

Multiple Choice

______ is an organizational style characterized by formalized rules and regulation, specialized routine tasks, division of labor, and centralized authority.

• A) Work specialization
• B) Formalization
• C) Span of control
• D) Bureaucracy

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Definitions:

Authorized Shares

The highest number of shares a company is permitted to issue according to its articles of incorporation.

Common Shares

Equity securities that represent ownership in a corporation, entitling holders to vote on corporate matters and share in the profits through dividends.

Share Capital

The amount of money raised by a company through the sale of shares to investors, representing ownership in the company.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.