In A(n) ________ Organization, Important Decisions Usually Are Made at the Top

question 42

Multiple Choice

In a(n) ________ organization, important decisions usually are made at the top.

• A) informal
• B) centralized
• C) flat
• D) organic
• E) decentralized

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Definitions:

Judicial Lien

A judicial lien is a lien obtained by a creditor through court action, usually after winning a judgment against the debtor, granting the creditor a legal claim on the debtor's property as security for the debt.

Charging Order

A legal order granted to a creditor, giving them the right to attach a debtor's interest in a partnership or an LLC to satisfy the debt.

RUPA

The Revised Uniform Partnership Act, which provides a legal framework for the operation of partnerships in the United States.

Intent

The state of mind with which an act is done, characterized by a decision to bring about a specific result, often a crucial aspect in both criminal and contract law.