Which of the following statements about fraternal benefit societies is NOT correct?
A) They are exempt from the licensing requirements if they provide insurance benefits to their members only.
B) They are nonprofit societies that have a representative form of government.
C) They do not have capital stock.
D) They operate on a lodge system."
Answer: A) They are exempt from the licensing requirements if they provide insurance benefits to their members only.
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Michael is a cybersecurity analyst for a regional bank. His work team includes two other analysts, two developers and a software quality/testing engineer. All of the team members are focused on identifying vulnerabilities and protecting the bank’s systems against cybersecurity threats. Michael and his colleagues work independently to plan and schedule work, share tasks and meet performance objectives set by the team leader. Michael’s team structure is:
a. management chain b. a manager-led team c. virtual team d. a self-managing team.
A pure project organizational structure houses the project in a specific functional area
Indicate whether the statement is true or false