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

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Definitions:

SBA Loan

A loan made to a small business through a commercial bank, of which a portion is guaranteed by the Small Business Administration.

Commercial Bank

A financial institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

Unsecured Term Loans

A loan made to an established business that has demonstrated a strong overall credit profile.

Creditworthiness

An assessment of the likelihood that a borrower can repay a loan or financial obligation.