A Financial Institution Organized for the Main Purpose of Providing

question 29

Multiple Choice

A financial institution organized for the main purpose of providing loans to purchase homes is a

• A)mortgage and loan company.
• B)mutual savings bank.
• C)consumer finance company.
• D)credit union
• E)commercial bank.

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Definitions:

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Reengineering

The radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Organizational Processes

Activities or work that have to be accomplished to create outputs that internal or external customers value.

OD Efforts

Initiatives and strategies aimed at improving organizational effectiveness and employee well-being.