A Normative Statement Is

question 125

Multiple Choice

A normative statement is

• A) about what ought to be.
• B) one that is based on an economic experiment.
• C) about what is.
• D) always true.

Grasp the concept and emergence of virtual organizations.

Understand the relationship between organizational structure and business strategy.

Describe the technologies impacting organizational structure as identified by prominent researchers.

Differentiate between vertical specialization, chain of command, and span of control.

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Definitions:

Inventories

The raw materials, work-in-progress products, and finished goods that a company holds for the purpose of sale in the future.

Accounts Payable

Liabilities to creditors that must be paid within a short period, usually less than a year.

Operating Activities

Activities that constitute the primary or main activities of an organization, including production, sales, and delivery of services.

Cash Dividend

A cash distribution given to shareholders from the company's earnings.