Identify and State the Historical Significance of the Following

question 55

Short Answer

Identify and state the historical significance of the following:
-Royal African Company

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Definitions:

Formal Rules

Officially established guidelines and procedures that are designed to govern behavior, processes, or operations within an organization.

Hierarchical System

A hierarchical system is an organizational structure where entities are ranked according to levels of authority, from highest to lowest.

Bureaucracy

An organizational structure characterized by standardized procedures, hierarchical divisions, and a clear set of rules and regulations to manage large organizations.

Network Structures

The arrangement and interconnection of elements within a network, defining how they communicate and cooperate.