According to Chandler, the critical transformations that led to modern corporations are:
A)The development of a line-and-staff structure, and the extension of activities to a broader geographical area
B)The extension of activities to a broader geographical area, and growth through acquisitions
C)The development of a line-and-staff structure, and the emergence of functional and later, divisional structures.
D)The development of divisions and decentralization of power to the lower levels of the organization

Question

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Chandler argues that the critical transformations that led to modern corporations are the development of a line-and-staff structure, which allowed for greater specialization and efficiency, and the emergence of functional and later, divisional structures, which facilitated the coordination of activities across different regions and markets. The extension of activities to a broader geographical area was also important, but it was largely a consequence of these other changes rather than a cause in and of itself. Growth through acquisitions became more prominent in the later stages of corporate evolution, but it was not a defining characteristic of the early modern corporation as described by Chandler. The decentralization of power to the lower levels of the organization was also an important trend, but it was not as central to Chandler's argument as the development of new organizational structures and the expansion of corporate activities.

According to Chandler, the Critical Transformations That Led to Modern