A Formal Chain of Command for Both Functional and Divisional

question 206

Multiple Choice

A formal chain of command for both functional and divisional relationships is provided by the ____ approach to structure.

• A) horizontal matrix
• B) vertical functional
• C) divisional
• D) product
• E) team-based

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Definitions:

Illegal Offer

A proposal to enter into an agreement that is against the law and therefore unenforceable.

Rescission

The legal act of canceling, revoking, or terminating a contract, returning all parties to their original positions prior to the contract.

Securities Act of 1933

A U.S. law enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.

Securities Exchange Act of 1934

A U.S. federal law regulating the secondary trading of securities (stocks, bonds, and debentures) to protect investors against malpractice.