Define Organizational Structure

question 1

Essay

Define organizational structure.

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Definitions:

Special Act Corporation

A corporation that is created by a specific act of a legislature, tailored for a particular purpose or corporation.

Statutory Corporation

A corporation created by statute, typically owned by the government, to carry out specific governmental or public functions.

Oppression Remedy

Legal relief available to shareholders or members of a corporation when their rights are unfairly prejudiced or disregarded by others in power within the company.

Derivative Action

A legal mechanism allowing a shareholder to sue or take legal action on behalf of a corporation to protect the corporation's interests.