Organizational Structure

question 8

Multiple Choice

Organizational structure:

• A) refers to the way that an organization formally arranges its various domestic and international units and activities and the relationships among these organizational components.
• B) helps to determine where formal power and authority will be located within the organization.
• C) is primarily created and evolved by senior management.
• D) all of the above.
• E) two of A, B, and C.

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Definitions:

Public Sector

The part of the economy that is controlled by the government, including various public services and enterprises.

Majority Voting

A process of making decisions in which the choice that secures a majority of the votes over 50% is selected.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries or interests they are charged with regulating, often leading to a conflict of interest.