Which statement$($s$)$ below is FALSE?Question content area bottomPart $1$A$.$The percentage of large companies in the United States with a chief operating officer $($COO$)$ has declined almost every year for a decade, to about $60$ percent today.B$.$A recommended guideline in developing an organizational structure is to avoid having a particular person reporting to more than one person in the chain of command.C$.$Organizational structure is important for gaining and sustaining competitive advantage.D$.$A recommended guideline in developing an organizational structure is to avoid letting a single individual be both chairman of the board and CEO of a company.E$.$Organizational structure is more a strategy implementation than a strategy formulation issue.