The primary structure of administrative law is determined by the:
a. Administrative Agencies Act
b. Administrative Procedures Act c. Administrative Formalities Act d. Administrative Legalities Act
e. Administrative Structural Act
b
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Which of the following statements is FALSE?
A) Almost all bonds that are issued today are registered bonds. B) The trust company represents the bondholders and makes sure that the terms of the indenture are enforced. C) For private placements, the prospectus must include an indenture, a formal contract between the bond issuer and a trust company. D) In the case of default, the trust company represents the bondholders' interests.
Setting up an organization according to functional structure is quite popular. Which of the following is NOT a benefit of functional departmentalization?
A) Workers are grouped by specialization. B) There are cost savings and efficiency improvements. C) Employees in a department tend to think alike. D) Specialists can easily coordinate within the department. E) Management can easily direct department activities.