Which Would Be a Subgroup of the Board of Directors

question 10

Multiple Choice

Which would be a subgroup of the Board of Directors?

• A)Audit committee
• B)Financial committee
• C)Managerial committee
• D)Stockholders' committee

Describe the conditions under which a matrix structure is effective and its potential for conflict.

Understand the role of organizational strategy in designing organizational structures.

Differentiate between organic and mechanistic structures and explain their appropriateness in different environments.

Analyze the division of labor and coordination mechanisms in organizational structures.

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Definitions:

Obstructionist Strategy

Avoids social responsibility and reflects mainly economic priorities.

Discretionary Responsibilities

Responsibilities in a job that allow an employee to make decisions and judgements without needing prior approval.

Economic Responsibility

The obligation of organizations to make decisions that positively impact the economic environment in which they operate, including considerations of sustainability and ethical business practices.

Socially Responsible Corporate Behaviour

Acts by businesses that go beyond economic and legal expectations to positively impact society and the environment.