The Most Common Organization Used in Business Today Is Probably

question 57

Multiple Choice

The most common organization used in business today is probably the:

• A) functional organization.
• B) project organization.
• C) matrix organization.
• D) dis organization.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor.

Cost of Goods Manufactured

The total production cost of goods completed and moved out of work-in-process inventory during a period, including labor, materials, and overhead.

Units Manufactured

The total number of units produced by a manufacturing process within a specific period.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues.