A ________ Is When a Rich Individual or Organisation Purchases

question 8

Multiple Choice

A ________ is when a rich individual or organisation purchases a large proportion of the shares of a poorly-performing firm and in doing so gets enough votes to replace the board of directors and the CEO.

• A)shareholder proposal
• B)shareholder action
• C)hostile takeover
• D)leveraged buyout

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Definitions:

Flexible Organization Structure

Describes an organizational framework that can easily adapt to changes, allowing for modifications in structures and processes.

Horizontal Differentiation

The division of roles and responsibilities within an organization that focuses on the specialization and expertise of its members, rather than their rank or status.

Vertical Differentiation

The way an organization structures its hierarchy of authority, creating levels of management and rank within the company.

Charles Perrow

An American sociologist known for his theoretical contributions to the study of organizations, particularly the concept of "normal accidents."