Which of the Following Describes a Networked Organization Made Up

question 161

Multiple Choice

Which of the following describes a networked organization made up of replaceable firms that join the network and leave it as needed?

• A)Web-based corporation
• B)Benchmark outsourcing system
• C)Network system
• D)Virtual corporation

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Definitions:

Flexible Budget

A dynamic budget that changes according to the business activity levels, offering a more adaptable financial planning tool.

Level of Activity

A measure of the volume of production or operations, often influencing cost behavior and used to allocate fixed costs to units of product.

Revenue Variance

The difference between the actual revenue earned and the budgeted or expected revenue.

Static Planning Budget

A budget based on a single level of output, not adjusted for changes in activity levels.