In Large Organizations,the Potential Exists for Different Parts of an Organization

question 87

Multiple Choice

In large organizations,the potential exists for different parts of an organization to pursue its own goals rather than the overall company goals.Proper ________ can help to resolve conflicts when they arise.

• A) mission statements
• B) vision statements
• C) organization structure
• D) objectives

---

Definitions:

Cash Dividend

A payout from a corporation's profits, determined by its board of directors, provided to a specific group of its stockholders as cash.

Authorized Shares

The maximum number of shares that a corporation is legally permitted to issue, as outlined in its articles of incorporation.

Noncumulative

Pertains to certain preferential shares or rights that do not have the feature of accumulating unpaid dividends or benefits, contrasting with cumulative counterparts.

Preferred Stock

A type of stock that provides holders with certain privileges over common stockholders, typically with fixed dividends and priority in asset distribution upon liquidation.