In a Product Form of Organization,activities Are Grouped on the Basis

question 24

True/False

In a product form of organization,activities are grouped on the basis of a specific project,product,or line of business.

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Definitions:

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting each partner's personal assets from the debts and liabilities of the business.

Malpractice

Professional misconduct or negligence—the failure to exercise due care—on the part of a professional, such as an attorney or a physician.

Professional Corporation

A professional corporation is a business entity composed of specific types of professionals, such as lawyers, doctors, or accountants, governed by special laws and typically offers its members certain legal protections.

Law Clerk

A Law Clerk is a legal professional, often a recent law school graduate, who assists a judge by conducting research and preparing legal opinions.