A Virtual Company Has No Significant Physical Presence

question 131

True/False

A virtual company has no significant physical presence.

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Definitions:

Mechanistic Structures

Describes organizational forms that are highly bureaucratic, with strict rules, procedures, and a clear hierarchy of authority.

Formalization

The process of creating or implementing formal rules, procedures, and structures within an organization to standardize operations and behaviors.

Standardization

The process of implementing and developing technical standards to ensure consistent, quality processes and products.

Coordinating Mechanism

Procedures or systems used to align and manage activities and tasks across different parts of an organization or team.