According to the Textbook, in Order for an Organization to Be

question 54

Multiple Choice

According to the textbook, in order for an organization to be called a business it must:

• A)exchange a product with a customer.
• B)make money.
• C)be a corporation.
• D)provide a service.

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Definitions:

Horizontal

Describes a position, structure, or relationship that is parallel to the ground or to a baseline, often implying equality or same-level status.

Vertical

In a context it can refer to the direction that is perpendicular to the horizon; in business, it could refer to practices or arrangements involving different levels of the supply chain.

High-Achieving Women

Women who have attained significant success or accomplishments, particularly in their careers or academic pursuits.

Financially Independent

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.