The Power of a Manager,traditionally,was Embedded in the Hierarchy of the Firm.As

question 105

Multiple Choice

The power of a manager,traditionally,was embedded in the hierarchy of the firm.As organizational structures flatten,this power is repositioned in the ________ of the network.These people are not necessarily at the top of the hierarchy or even experts in their fields.

• A) clients
• B) brokers
• C) employees
• D) suppliers

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Definitions:

Right of Survivorship

A legal principle where, upon the death of one joint owner, the deceased's share automatically transfers to the surviving co-owner(s), bypassing probate.

Partnership Agreement

A contract between business partners detailing the business structure, distribution of profits and losses, and operational rules.

Deceased Partner

Refers to a partner in a partnership who has passed away, impacting the management and operations of the business.

Accounting

A review and listing of all partnership assets and/or profit.