Which type of formal organization do people join in order to obtain money and other material benefits?

Explanation:

An organization that a group of individuals join to get the monetary reward or some other benefit is called utilitarian organization. The three types of formal organizations are- coercive, normative and utilitarian.

Businesses where people work for income is an utilitarian organization. Such organizations provide money for membership and people fulfill requirement of that organization by performing labor for a job. Utilitarian organizations are organized for efficient and collaborative completion a particular goal. e.g Apple, Google and Mc Donalds.