Which of the Following Is Typically a Characteristic of the Organic

question 106

Multiple Choice

Which of the following is typically a characteristic of the organic model of organization?

• A) narrow spans of control
• B) centralization
• C) free flow of information
• D) high formalization
• E) clear chain of command

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Definitions:

Truth in Lending Act

A U.S. federal law enacted in 1968 to help protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key terms of the lending arrangement and all costs.

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral for the loan.

Finance Charge

Fees and interest charges associated with the borrowing of money or the extension of credit.

Installments

Periodic payments made towards settling a debt or purchasing a good, spreading out the total cost over a period of time.