An Organization That Has a Division of Labour, a Clearly

question 105

True/False

An organization that has a division of labour, a clearly defined hierarchy, detailed rules, and impersonal relationships would be described as a bureaucracy.

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Definitions:

Private Corporation

A company owned by a small group of people or by a non-governmental organization, and its shares are not traded on public stock exchanges.

Non-profit Organization

An entity structured to operate and provide services or support for public or social benefit rather than generating profits for owners or shareholders.

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three pillars: social, environmental, and financial factors.

CSR Activities

Corporate Social Responsibility actions undertaken by companies to positively impact society, the environment, and their communities.