In a ________ Structure,a Company Supplements the Talents of Its

question 52

Multiple Choice

In a ________ structure,a company supplements the talents of its employees with services from one or more external partners,such as a design lab or a sales and distribution company.

• A) matrix
• B) tall
• C) flat
• D) network
• E) broad

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Definitions:

Partnership Term

The duration for which a partnership agreement is set to exist, which can be indefinite or fixed, as specified in the partnership agreement.

Partnership Obligations

The duties and responsibilities that partners within a business partnership must fulfill, which may include contributing capital, sharing in profits and losses, and acting in the partnership’s best interest.

Assumed Liability

Liability that a party takes on voluntarily from another party, often seen in business acquisitions where the buyer takes on liabilities of the seller.

Creditors

Individuals or entities to whom money is owed by a debtor.