Match the Options Below with the Correct Phrase

question 83

Multiple Choice

Match the options below with the correct phrase:
-functional departmentalization

• A)direct authority between managers and subordinates
• B)an obligation to accomplish assigned tasks
• C)a graphic illustration of the formal positions and functional work areas of the company
• D)the authority to serve in an advisory capacity
• E)the degree to which group members bond together
• F)the formal right to make decisions
• G)the produce or meat department in a grocery store
• H)the marketing, shipping & receiving, and accounting departments
• I)granting decision-making authority to subordinates
• J)the spontaneous and natural network of relationships in an organization

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Definitions:

Government Guarantees

Assurances provided by the government to back loans, investments, or other financial transactions.

Regulatory Capture

A form of government failure that occurs when a regulatory agency tasked with acting in the public's interest instead acts in favor of the commercial or special interests of the industry or sector it is charged with regulating.

Global Competitiveness

The ability of a country or company to compete effectively and successfully in international markets.

Consumer Safety

Measures and regulations aimed at preventing harm to consumers and ensuring that the products they use are free from dangerous defects.