A formal structure of an organizations is its_______________?
Correct answer: C. bylaws and body of officers
- A. leadership structure
- B. full-time employees
- C. bylaws and body of officers
- D. appearance to its general public
Explanation
An organization's formal structure is recorded in its official rules and offices, including its bylaws and body of officers. Public appearance and employee numbers do not define its formal structure.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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