An Informal Organization Can Be Shown on a Formal Organization

question 28

True/False

An informal organization can be shown on a formal organization chart.

Comprehend the varied defenses and strategies deployed by corporations against hostile takeovers.

Appreciate the ethical considerations and potential conflicts of interest in corporate management decisions.

Understand the concept and implications of the business judgment rule in protecting corporate directors.

Identify the legal and regulatory requirements specific to nonprofit corporations.

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Definitions:

Internal Control

Occurs through self‐discipline and self‐control.

Formal Administrative Systems

are structured and officially sanctioned processes, procedures, and rules designed to coordinate and control an organization's activities efficiently.

Concurrent Control

A management technique that involves monitoring and adjusting operations and processes as they happen in real-time.

Operant Conditioning

A training technique that changes how strong a behavior is by using incentives or consequences.