Organizations Can Be Divided into Three Types

question 236

Multiple Choice

Organizations can be divided into three types:

• A) company, nonprofit, and cooperative.
• B) corporation, employee-owned, and interest.
• C) for-profit, nonprofit, and government.
• D) employee, distributor, and customer.
• E) public, private, and international.

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Definitions:

Units

A measurement or quantity of something considered as a standard measure, in business often referring to a single item of a product.

Planning Budget

A budget prepared for a particular level of activity, often used as a benchmark for evaluating actual performance.

Selling

The process of promoting and transferring goods or services to the customer in exchange for payment.

Administrative Expenses

Costs related to the general management and administration of a business, such as office salaries and utilities.