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Maureen Fauble is director of career services at a major Midwestern university and works with corporations who are seeking recent college graduates to join their firm. Maureen is interested in attracting DePuyOrthopaedics, Inc., which is a division of Johnson & Johnson to recruit entry-level marketing and sales representatives. Maureen has received very favorable word-of-mouth communication from alumni about DePuyOrthopaedics and employees are extremely satisfied with the company's culture and feel empowered to make decisions. In addition, they report that they are given a high degree of flexibility and autonomy, which enables them to quickly respond and adapt rapidly to changing customer needs. It's likely that DePuyOrthopaedics has implemented a ____________ organizational structure.
Fractional Interest
Ownership in a part or fraction of an asset, where the ownership is shared among multiple parties.
Debt Instruments
Financial vehicles representing a promise to pay back borrowed funds, including bonds, notes, and debentures.
Unanimous Approval
Agreement or consent by all members or parties involved without any dissent.
51% Majority Vote
A decision-making process where more than half (51% or more) of the votes cast by members of a group are in agreement, thereby determining the outcome.
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