Which Formal Group Is Determined by the Organization Chart and Composed

question 17

Multiple Choice

Which formal group is determined by the organization chart and composed of individuals who report directly to a given manager?

• A)command groups
• B)cross-functional teams
• C)self-managed teams
• D)task groups

---

Definitions:

Operating Expenses

Costs associated with a business’s operations, including rent, utilities, payroll, and materials, but excluding the cost of goods sold.

Discounted Price

The reduced price of a good or service, typically offered for promotions or sales.

Retail Selling Price

The final price at which goods are sold to consumers, including all taxes, markups, and additional costs.

Mark-up

The amount added to the cost price of goods to cover overhead and profit, determining the selling price.