________ States That an Organization Should Choose the Minimum Number

question 31

Multiple Choice

________ states that an organization should choose the minimum number of hierarchical levels consistent with its goals and the environment in which it operates.

• A) Span of control
• B) Organizational theory
• C) Parkinson's Law
• D) The Principle of the minimum chain of command

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Definitions:

Treasury Stock

Shares that were once part of the open market stock but were bought back by the issuing company, reducing the amount of outstanding stock.

Quorum

The minimum number of members required to be present at a meeting to make the proceedings of that meeting valid.

Shareholder Agreement

A contract among shareholders of a company outlining their rights, obligations, and mutual agreements regarding company operations and governance.

Duration

The length of time during which something exists or continues.