When a New Organization or Subunit Is Born, the Structure

question 17

True/False

When a new organization or subunit is born, the structure is mechanistic and formal.

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Definitions:

Business License

A legal authorization granted by a governmental body allowing individuals or companies to operate a business within a specific jurisdiction.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Profit

The financial gain achieved when the revenue from a business activity exceeds the expenses, costs, and taxes associated with maintaining the activity.

Demand Curve

A chart that depicts how the quantity of a product demanded by buyers is related to its price, usually sloping downwards.