Organizational Structures Must Be Both Stable and Flexible

question 91

True/False

Organizational structures must be both stable and flexible.

---

Definitions:

Efficiency Variances

The difference between the actual amount of an input used and the expected (or standard) amount needed, multiplied by the standard cost per unit of input.

Landing Gears

A critical aircraft component that supports the plane during landing and takeoff.

Materials Price Variance

The difference between the actual cost of materials and the expected cost, multiplied by the quantity of materials used.

Variable Overhead

Costs of indirect materials, indirect labor, and other operations that fluctuate with the level of production output.