In Recent Years,large Organizations Have Tried to Improve Their Efficiency

question 205

Multiple Choice

In recent years,large organizations have tried to improve their efficiency in communication and decision making by:

• A)creating specific rules for everyone to follow.
• B)reducing the span of control for managers.
• C)eliminating several layers of management.
• D)restructuring into a bureaucratic organization.

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Definitions:

Purchase Price

The amount paid or agreed to be paid by the buyer for goods or services or to acquire an asset.

Economic Performance

An evaluation of how effectively a country, sector, or organization is using its resources to achieve its objectives and generate wealth.

Economic Conditions

The state of the economy at a given time, including factors like inflation, unemployment rates, and GDP growth.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.