When an Organization Drops Its Structure Based on Countries and Reorganizes

question 59

Multiple Choice

When an organization drops its structure based on countries and reorganizes according to industries,it is pursuing a global business approach known as ________.

• A)polycentric organization
• B)multicultural organization
• C)transnational organization
• D)multinational organization
• E)transactional organization

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Definitions:

Nonprofit Corporation

A legal entity organized for a collective purpose, such as charitable, educational, cultural, or social welfare, without intent for profit distribution to its members or directors.

Merger Approval

The official sanction by regulatory authorities allowing two or more companies to consolidate into one entity.

Cash-Out Combinations

Financial strategies or transactions where owners of a business sell their stake in the company, partially or entirely, for cash.

Fair Dealing

A legal doctrine requiring parties to engage in business transactions in a just, equitable, and non-discriminatory manner.