The Quality Rating Given by Standard & Poor's to Highly

question 117

Multiple Choice

The quality rating given by Standard & Poor's to highly speculative bonds is:

• A)high-grade.
• B)problematic or default.
• C)investment-grade.
• D)medium-grade.
• E)unrated.

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Definitions:

Organic Forms

Organizational structures that are flexible, decentralized, and characterized by less formal rules and procedures, often adapting quickly to changes.

Bureaucratic Structures

Organizational forms that are characterized by a hierarchical arrangement of jobs, reliance on formal rules and regulations, and a clear distinction of labor.

Environmental Uncertainty

A lack of information regarding what exists in the environment and what developments may occur.

Strategic Alliance

A partnership between two or more companies to pursue a set of agreed upon objectives while remaining independent organizations.