You have recently started your business with a small capital investment. Your business needs a very high degree of flexibility so that you can quickly respond to environmental changes and you are also interested in minimizing costs
Which of the following types of organizations is best suitable for your business?
A) a highly centralized organization
B) a virtual organization
C) a formalized organization
D) a bureaucracy
E) a hierarchical organization
B
Explanation: B) The major advantage of the virtual organization is its flexibility, which allows individuals with an innovative idea and little money to successfully compete against larger, more established organizations.
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In the context of media planning and analysis, billboards are especially useful n countries:
A. with high literacy rates B. where sales promotions are ineffective C. where people prefer buying in small quantities D. with high income levels E. where the laws governing the Internet are very complicated
Stockholders of a corporation are not personally liable for the corporation's debt
Indicate whether the statement is true or false