True or false. The functional organization is the oldest and most basic form of organization, and it is the type of organization most often represented in corporation shareholder reports and organizational reports.

True

Explanation:

Functional Organization is the most basic, simple and oldest form of organization as it clearly bifurcates the operations of organization on the basis of different departments and functions.

These are bifurcated as follows:

Information IT, Marketing, Finance, Production, Etc:

In this manner the shareholder and organizational reports are prepared, as this simplifies the understanding of reports, for the users of reports.