If an Organization Has Very Centralized and Hierarchical Organizational Structure

question 79

Short Answer

If an organization has very centralized and hierarchical organizational structure, then it would make sense if applications like purchasing were highly _________and controlled by each individual department.

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Definitions:

Budgeted Sales

Budgeted sales refer to the projected amount of sales (in units or revenue) that a company expects to achieve within a certain period, as outlined in its budget.

Credit Sales

Sales transactions in which the purchase amount is charged to the buyer’s account, to be paid at a later date.

Finished Goods Inventory

The stock of completed products that are ready to be sold to customers.

Raw Materials Purchases

The total cost of materials bought for use in the production process, not including any indirect materials.