The Board of Governors Consists of

question 160

Multiple Choice

The Board of Governors consists of

• A)seven elected members
• B)seven members appointed by the president
• C)a representative from each of the 12 district banks
• D)12 elected members
• E)12 members appointed by the president

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Definitions:

Team Structure

The arrangement of roles, responsibilities, and relationships within a team, determining how activities and tasks are allocated among members.

Lateral Relations

The interactions and communications that occur among employees on the same hierarchical level within an organization.

Network Structure

A network structure links networks of outside suppliers and service contractors to a company’s core functions.

Operating Efficiency

The capability of an organization to deliver products or services in a cost-effective manner while maintaining quality.