An Organization with Departmentalization That Groups Units Around Products, Customers

question 11

Multiple Choice

An organization with departmentalization that groups units around products, customers, or geographic regions is called a

• A)divisional organization.
• B)centralized organization.
• C)conglomerate organization.
• D)functional organization.
• E)virtual organization.

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Definitions:

Mutual Mistake

A situation in legal contracts where all parties involved have misconceptions about a vital fact at the time of agreement.

Disclaimer

A statement that denies something, especially responsibility.

Negligent Misrepresentation

A false statement made carelessly that induces another party to enter into a contract, resulting in harm or loss.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly designed to induce another party to enter into a contract.