The ________ of an Organization Refers to the Extent to Which

question 64

Multiple Choice

The ________ of an organization refers to the extent to which firms use lateral subdivisions or specialties within an organization.

• A)laddering
• B)horizontal dimensioning
• C)vertical integration
• D)vertical dimensioning
• E)backward integration

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Definitions:

Partner's Liability

The legal responsibility of a partner in a partnership for the debts and obligations of the partnership.

Torts

Legal wrongs committed by one party against another, leading to civil legal liability and compensation claims, not arising from contractual obligations.

Course Of The Business

The usual dealings and functions of a business within its chosen industry.

Contractual Relationship

A legally binding connection between two or more parties defined by a mutual agreement and enforceable by law.