Which of the Following Is a Contingency Rather Than a Structural

question 102

Multiple Choice

Which of the following is a contingency rather than a structural dimension of an organization?

• A) Labor force
• B) Culture
• C) Professionalism
• D) Centralization

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Definitions:

Conditional Guarantor

A party that agrees to fulfill the obligations of a debtor, but only under specific conditions outlined in an agreement.

Premium

The amount paid for an insurance policy or the cost above the nominal value of something.

Surety

A person or entity that assumes responsibility for another's performance of an obligation, such as the repayment of a loan or the fulfillment of a contract.

Suretyship Relationship

is a legal arrangement where a surety guarantees the performance of a debtor's obligation to a creditor, assuming liability if the debtor fails to fulfill the contractual obligation.