Highly Formalized and Centralized Structures Similar to Bureaucracies Are

question 40

Multiple Choice

Highly formalized and centralized structures similar to bureaucracies are

• A)mechanistic structures.
• B)organic structures.
• C)matrix structures.
• D)product structures.

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Definitions:

Partnerships

A legal arrangement where two or more parties collaborate in managing and operating a business.

Life Insurance

A type of insurance that protects people against the financial losses that occur with premature death.

Franchising

A business model that allows individuals to own and operate a branch of a larger company using its brand name, systems, and processes.

Start-Up Cost

Initial expenses required to establish a business, including equipment, permits, and marketing.