Which of the Following Does NOT Describe the Standard Type

question 4

Multiple Choice

Which of the following does NOT describe the standard type of structural form of organization?

• A) a functional structure where function is a major step in the firm's value chain
• B) a simple structure where all major decisions and oversight are a duty of the central executive
• C) a multidivisional structure where each division of the firm is an independent profit center
• D) a matrix structure where there are two or more divisions organized to enhance cross-communication
• E) a network structure where independent organizations are involved in a common undertaking

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Definitions:

Drawee Bank

The financial institution upon which a check or draft is drawn and is responsible for its payment.

Cincinnati Insurance Company

The Cincinnati Insurance Company is a US-based insurance provider that offers a range of insurance products, including life, business, and property and casualty insurance.

Liability

A legal responsibility or obligation.

Good Faith

A fundamental principle in contract law that requires all parties to act honestly and fairly without taking unfair advantage of others.