Instructions: Please Define the Following Key Terms

question 48

Short Answer

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Achilles

Recognize the responsibilities and potential breaches of fiduciary duty by directors and officers within a corporation.

Identify the processes and implications of corporate borrowing, including securities and bondholders' roles.

Understand the significance of and legal framework around pre-incorporation contracts and promoters' liabilities.

Grasp the concept of derivative and direct actions in corporate law, including when shareholders can sue on behalf of the corporation.

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Definitions:

Geographic Divisionalized Structure

An organizational structure where operations are divided based on geographic regions, with each region operating semi-autonomously to serve its local market effectively.

Divisionalized Structures

An organizational form in which the company is divided into semi-autonomous units or divisions, each responsible for its own operations and profitability.

Network Structure

An organizational design where entities are connected less hierarchically and more through a flexible arrangement of nodes, facilitating information flow and collaboration.

Global Competition

The scenario where businesses compete across national borders in various markets, driven by increasingly interconnected world economies.