CityProtect Corp., a medium-sized financial services company, has a departmentalization structure where the employees are grouped together based on their area of expertise. Thus, the firm has separate teams that handle loans, stock broker services, accounting services, insurance plans, etc. This is an example of _____ departmentalization.

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Quizplus · Accepted Answer

This is an example of functional departmentalization, where employees are grouped based on their specific functions or areas of expertise within the organization.