A(n) ________ Organization Is Highly Adaptive, Loose, and Flexible

question 55

Multiple Choice

A(n) ________ organization is highly adaptive, loose, and flexible.

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

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Definitions:

Basis

The amount of investment in an asset for tax purposes, used to calculate gain or loss on the asset's disposition.

Liability

An obligation or debt owed to another party, which can be a factor in personal and business finances.

Gain or Loss

The financial result from selling an asset for more (gain) or less (loss) than its purchase price, important for tax calculations related to capital gains and losses.

Section 1231 Property

Property related to the business or trade, the sale of which may result in ordinary income or capital gains treatment depending on the specifics of the transaction.