A Bond Is

question 90

Multiple Choice

A bond is

• A) a claim on the assets of a corporation such that the purchaser has an ownership right in the corporation.
• B) anything of value to which the firm has a legal claim.
• C) a means of assuring that the business firm will pay its debts or fulfill other legal obligations.
• D) a promise to pay for the use of someone else's money.

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Definitions:

Divisionalized Structure

An organizational framework in which the company is divided into semi-autonomous units or divisions, each with its own operations, resources, and goals.

Duplication

The act of copying or replicating processes, data, or products to increase efficiency or redundancy.

Silos of Knowledge

This term describes the phenomenon where information, knowledge, or expertise is isolated within one department or group within an organization, leading to inefficiencies and a lack of collaboration.

Underutilizes Resources

A situation where the full potential of available resources is not being exploited or used to the maximum extent possible.