The ________ of a Business Firm Is the System That

question 108

Multiple Choice

The ________ of a business firm is the system that details lines of authority, responsibility, and position, similar to the structure on organization charts.

• A) matrix reloaded structure
• B) formal organization
• C) informal organization
• D) normative design

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Definitions:

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior, ensuring order and justice.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.

Interchangeable

means capable of being used in place of each other with similar function or purpose.

Provincial Law Society

An organization in each Canadian province responsible for regulating the legal profession in the public interest.