An Organization Is Formed Whenever a Group of People Join

question 49

True/False

An organization is formed whenever a group of people join together in a structured situation to achieve a common objective.

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Definitions:

Persons

Refers to individuals or entities that are capable of possessing rights and duties.

Long-Run Equilibrium

A market condition where supply equals demand, all firms are maximizing profit, and no firm has an incentive to change its output.

Club Meeting

An organized gathering of members belonging to a particular club or group to discuss matters of common interest.

Attendance

The act of being present at a specified place, such as a meeting, class, or event.