There are different kinds of firms. In business, a group of people who work together in an attempt to achieve some specific purpose is known as an <u>organization</u>.
<h3>What is an organization?</h3>
An organization is regarded as a combination or a group of people that are said to be working together such as an association, a charity, a union, etc.
The word organization also connote a group or business, or to the process establishing something.
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Growth like this requires developing a formal structure that will ensure the efficiency of operation.
<h3>What is a Formal Structure?</h3>
A formal structure is a structure that aids a company's owner in maintaining a specified hierarchy of standards.
The formal structure assists in organizing the workforce or workers.
As a result, each person's work will be explicitly assigned to them, and each will be responsible for their own tasks.
When a firm is growing from a low to a high level, expending a significant amount of time and work is necessitated.
Therefore, if a company is growing and progressing, the owner must adhere to a formal structure.
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Answer:
True
Explanation:Using specific position titles in ICS helps to describe the responsibilities of the position.
Answer:
The correct answer is a) stock price.
Explanation:
The optimal capital structure is the mix of debt, equity, and preferred stock that maximizes the company's stock price. Debt financing supposes a low cost of capital, debt financing raises the risk to shareholders. In conclusion, the enterprise should find an equilibrium point to avoid a crisis.
