Examlex
Following are reasons to allocate support department costs:
I. To motivate managers to provide and use support services efficiently
II. For external reporting such as cost reports for government contracts
III. For economic planning and decision-making
Modular Organization
A flexible organizational structure where components or modules can be easily assembled, reassembled, added, or removed to adapt to changing demands.
Market Mechanisms
The use of market principles and forces to allocate resources and determine prices within an economy.
Formal Lines
Predetermined channels of communication and authority within an organization, established through its structure and policies to ensure effective coordination and control.
Virtual Organization
A network of continually evolving independent organizations that share skills, costs, and access to one another’s markets.
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