The Unofficial and Less Visible Part of an Organization Is

question 40

Multiple Choice

The unofficial and less visible part of an organization is called the _____.

• A)central organization
• B)informal organization
• C)functional organization
• D)external organization

Understand the role of consumer spending in the GDP and economic growth.

Recognize the trends and shifts in consumption patterns over time.

Analyze how consumption is influenced by liquid assets and credit.

Understand the role and representation of income tax expense in corporate financial statements.

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Definitions:

Employee's Reaction

The response or feedback of an employee to a particular situation or action taken by the employer, which can influence organizational atmosphere and performance.

Layoff

The temporary or permanent termination of employment of an employee or a group of employees for reasons such as cost-cutting or downsizing.

Human Resource Management

The strategic approach to the effective management of people in a company or organization so that they help the business gain a competitive advantage.

Mergers And Acquisitions

The process of consolidating companies or assets, where 'mergers' is the combination of companies and 'acquisitions' is one company taking over another.