The ________ of a business firm is the system that details lines of authority, responsibility, and position, similar to the structure on organization charts.
A) matrix reloaded structure
B) formal organization
C) informal organization
D) normative design

Question

Quizplus · Accepted Answer

The formal organization refers to the systematic arrangement of tasks, responsibilities, and authority within a company. It is often represented through the use of organization charts, outlining the hierarchy of positions and reporting relationships. The other options are not relevant to the definition given.

The ________ of a Business Firm Is the System That