The Organizational Structure of a Corporation Permits

question 194

Multiple Choice

The organizational structure of a corporation permits

• A) the company management to elect the board of directors.
• B) stockholders to elect the board of directors.
• C) stockholders to elect the officers and management team.
• D) employees (by committee) to elect the officers of the company.

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Definitions:

Opportunity Cost

The value of the best alternative foregone as a result of choosing a different option.

Idle Capacity

Unused or underutilized resources and capabilities within an operation that could be employed to generate output.

Tactical Decisions

Short-term choices made by an organization to address immediate challenges or opportunities, often within the framework of broader strategic plans.

Strategic Decisions

High-level choices that are made by top management to steer an organization towards its long-term goals and objectives.