Many Experts Agree That Businesses Can Function Effectively with Fewer

question 124

Multiple Choice

Many experts agree that businesses can function effectively with fewer layers of organization than they currently have.Since 2009,the government has added more than 62,000 federal employees.This suggest that the federal government is a(n) ______ organization.

• A) tall
• B) flat
• C) efficient
• D) effective
• E) lean

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Definitions:

Employer Sharing Profits

A business strategy where companies distribute a portion of their profits to their employees, often as a bonus or part of a benefit plan.

Partnership Creation

The process of forming a partnership, which is an agreement where two or more parties agree to share in the management, profits, and losses of a business.

Joint and Several Liability

A legal doctrine under which each party in a lawsuit can be held responsible for the full amount of damages regardless of their individual share of fault.

Unlimited Personal Liability

A legal obligation where individuals can be held fully responsible for the debts and obligations of a business, potentially affecting their personal assets.