Flow of Communication (Scenario)

question 99

Multiple Choice

Flow of communication (Scenario)
Recently the employees of Sama Enterprises, Inc., received a letter from the vice president of operations explaining that a new production facility would be built in Alexandria. It was also stated that about one- fourth of the employees from the current Alexandria facility would be transferred to the new facility and if employees wanted to volunteer for the transfer, they could do so by going to the human resource office and filling out a request form. Sami, a production supervisor, first went to Fadia, the purchasing manager, who had already volunteered to transfer, to discuss with her the possibility of becoming her inventory control supervisor at the new facility. Fadia told Sami that Rana, the current inventory control supervisor, would not be transferring and that she would consider his request.
-The letter from the vice president to the employees is an example of which type of organizational communication?

• A) informal
• B) formal
• C) lateral
• D) horizontal

Record journal entries related to inventory transactions under different inventory systems.

Calculate and interpret key inventory ratios and their implications on company performance.

Understand the concept of LIFO reserve and its impact on financial analysis.

Analyze the effects of inventory level changes on financial reporting and profitability.

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Definitions:

Cash Balance

Cash balance refers to the amount of cash or cash equivalents that a company or an individual has available at any given time.

Cash Receipts

The collection of cash, typically from customers, which is recorded during the period it is received.

Cash Disbursements

The outflow of cash to pay for goods, services, and financial obligations during a specific period of time.

Cash Receipts

The collection of money, including cash, checks, and credit card payments, received by a business during a period.