Kent Works at the Tick Tock, Inc

question 214

Multiple Choice

Kent works at the Tick Tock, Inc. He has two bosses, one a functional manager and the other a divisional manager. Tick Tock, Inc. has a

• A) functional structure.
• B) divisional structure.
• C) geographic structure.
• D) matrix structure.
• E) product structure.

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Definitions:

Put Option

A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price on or before a specified date.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership of the company.

Firm's Assets

All items of value owned by a company, such as cash, equipment, and intellectual property.

Call Option

An economic deal that permits the buyer to have the option to acquire a stock, bond, commodity, or another asset at a predetermined price during a designated period, without being obligated to do so.