Many of Custom Leather's 75 Employees Are Highly Skilled and Experienced

question 27

Multiple Choice

Many of Custom Leather's 75 employees are highly skilled and experienced artisans.Many long-time employees are stockholders and all participate in its profit sharing plan.While there is division of labor, the jobs most floor employees perform are not highly standardized.Management has found that employees take great pride in their craft, and they require minimal formal rules and little direct supervision.These traits are most typical of a(n) ________ organization.

• A) matrix
• B) mechanistic
• C) organic
• D) centralized

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Definitions:

Straight Bonds

Debt securities issued by corporations or governments that pay periodic interest payments and return the principal amount at maturity without any special features such as convertibility or callability.

Special Purpose Vehicles

Legal entities created for a specific purpose, often to isolate financial risk by segregating certain assets or activities.

Mortgage Securitization

The process of pooling various mortgage loans into a single security which investors can purchase.

Legal Asset Owner

An individual or entity that holds the legal title to an asset or property, granting them rights to its use, disposal, or benefit.