An Option Is a Definite Agreement Leading to a Firm

question 16

True/False

An option is a definite agreement leading to a firm completion of the transaction.

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Definitions:

Jay Lorsch

is a prominent figure in organizational behavior and corporate governance, known for his contributions to understanding organizational structure and effectiveness.

Organic Designs

An organizational structure characterized by flexibility, decentralized decision-making, and a lack of rigid protocols.

Mechanistic Designs

Organizational structures characterized by rigid hierarchies, clear job responsibilities, and a focus on efficiency and predictability.

Mechanistic Organizations

Highly structured, hierarchical companies with centralized decision-making and strict rules and procedures.