Which of the Following Statements Is True Regarding a Virtual

question 52

Multiple Choice

Which of the following statements is true regarding a virtual organization?

• A) A virtual organization is sometimes called matrix organization.
• B) A virtual organization is highly decentralized.
• C) A virtual organization is characterized by a high degree of departmentalization.
• D) A virtual organization tends to have unclear roles, goals, and responsibilities.
• E) A virtual organization lacks flexibility.

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Definitions:

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.

Non Est Factum

A plea asserting that an agreement is void because the signer was unaware of its essence due to deception or misunderstanding.

Illegality of Object

Refers to a principle in contract law that prohibits the enforcement of agreements that involve an illegal purpose or object.