The Structure of an Organization Is

question 31

Multiple Choice

The structure of an organization is

• A)the basic purpose of the organization.
• B)the sum of the individual working arrangements in place in an organization.
• C)a system of task, reporting, and authority relationships.
• D)a system of relationships that provides a framework of people.
• E)the basis through which individual activities are monitored.

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Definitions:

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer, aiming to reduce costs and improve efficiency.

Purchasing

The act of acquiring goods or services, often for business purposes, to fulfill the needs of an organization or individual.

Procurement

The process of obtaining goods, services, or works from an external source, often via a tendering or competitive bidding process.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.