Which of the Following Is Likely to Help Produce an Effective

question 3

Multiple Choice

Which of the following is likely to help produce an effective organization?

• A)A firm that controls its labor costs by limiting training opportunities to only a few employees.
• B)A firm that maintains two separate cafeterias for employees;one for executives and managers and one for everyone else.
• C)A firm where information is shared on a "need-only" basis.
• D)A firm that employs selective hiring practices.

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Definitions:

Winding Up

The process of liquidating a company's assets, paying off creditors, and distributing remaining assets to shareholders before dissolving the company.

Realization

The sale of assets when a partnership is being liquidated.

Co-Ownership

A legal status where two or more individuals share ownership rights in a property or asset.

General Partnership

A business structure where two or more individuals own and operate a business in partnership with each other, sharing both profits and liabilities.