The More Complicated the Technology That an Organization Uses

question 7

Multiple Choice

The more complicated the technology that an organization uses,

• A)the lesser is the need for a progressive culture.
• B)the greater is the need for a flexible structure.
• C)the greater is the need for a formal structure.
• D)the easier it is to regulate the technology.
• E)fewer unexpected events arise.

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Definitions:

Chapter 7

Chapter 7 refers to a chapter of the U.S. Bankruptcy Code, under which individuals or businesses can liquidate their assets to pay off creditors.

Debtor

An individual or organization that owes money or other obligations to another party, known as the creditor.

Creditors

Individuals or entities to whom money is owed by debtors or borrowers.

Bankruptcy Act of 2005

A comprehensive law passed in 2005 in the United States, reforming bankruptcy law and introducing significant changes to the bankruptcy process.