Most Organizations Use a Diagram Called an Organizational Chart to Depict

question 33

Multiple Choice

Most organizations use a diagram called an organizational chart to depict their _____.

• A) growth trajectory
• B) consumer profile
• C) product life-cycle
• D) competitive strategy
• E) organizational structure

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Definitions:

Personal Liability

The state of being legally responsible for the debts or actions of oneself, not shielded by corporate or other legal entities.

Incorporated

A legal status indicating that a business entity has been registered as a corporation, separating its liabilities and assets from those of its owners.

Model Business Corporation Act

A model set of laws proposed to standardize the regulation of corporate business practices across the United States.

Articles of Incorporation

Official documents filed with a governmental body to legally form a corporation, outlining its structure, purpose, and operations.