Organizational Survival and Growth Are Most Probable When Both Stability

question 74

True/False

Organizational survival and growth are most probable when both stability and adaptation are high within the organization.

---

Definitions:

Prime Costs

The combined costs of direct materials and direct labor that are directly involved in the production of a product.

Factory Overhead

Costs related to the manufacturing process that are not directly attributable to the product being manufactured, such as utilities and maintenance of equipment.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, including assets, liabilities, and shareholders' equity.

Manufacturing Business

A business model that transforms raw materials into final products utilizing workers, machinery, and tools.