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INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
You must be a member of a [ credit union | savings and loan association (S&L) ] in order to borrow money there.
Formal Group
A collection of individuals who come together to achieve a specific goal, structured and organized with defined roles and responsibilities.
Divisional Structures
An organizational framework where operations are divided into semi-autonomous units or divisions, each focusing on a certain product line or geographical area.
Unhealthy Rivalries
Competitions between individuals or groups that lead to negative outcomes, such as stress, conflict, or undermining each other.
Price Ceiling
is a government-imposed limit on how high a price can be charged for a product, good, or service.
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