A virtual organisation is
UGC NET - 2014,
Answer: C
A virtual organisation is a small core organisation that outsources its major business functions to outside firms and links with them through networks and information technology.
It is not defined by profit as its goal, which many kinds of organisation share, nor by leadership meeting the psychological needs of subordinates, nor by employee concern as the top priority. Those descriptions belong to other themes in management. Outsourcing around a small core is the mark of the virtual form.
Examples are firms that keep design and brand in-house but hire out production, logistics and support, so the 'organisation' is largely a web of contracts and electronic links.
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