Organizing Involves Developing an Efficient Plan for the Use of Time

question 45

Short Answer

Organizing involves
developing an efficient plan for the use of time.
developing an organizational chart.
determining who reports to whom and what each employee does.
structuring the necessary resources to complete a particular task.
determining how best to use available material resources.

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Definitions:

Finished Milk Chocolate Bars

The final product of a chocolate manufacturing process, ready for packaging and sale to consumers.

Work In Process Inventory

Materials and products that are in the process of being manufactured but are not yet complete.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for manufacturing processes.

Cost Of Goods Manufactured

The total cost incurred to produce products and prepare them for sale, including raw materials, labor, and overhead, during a specific accounting period.