The More Complicated the Technology That an Organization Uses

question 16

Multiple Choice

The more complicated the technology that an organization uses,

• A)the lesser the need for a progressive culture.
• B)the greater the need for a flexible structure.
• C)the greater the need for rules, SOPs, and restrictive norms.
• D)the easier it is to regulate the technology.
• E)the lesser the need for creative problem solving.

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Definitions:

Income Ratio

A metric used to evaluate the performance of a company by comparing income to other financial figures, often referred to as a profitability ratio.

Operating Activities

The day-to-day actions that are involved in running a business and generating revenue, such as selling products or services.

Indirect Method

In financial accounting, this method is used to prepare the cash flow statement, adjusting net income for changes in non-cash accounts to calculate cash flow from operating activities.

Operating Activities

Activities related directly to the production, sale, and delivery of a company's products and services, as reflected in its cash flow.