Some Experts Consider the

question 69

Multiple Choice

Some experts consider the
Structure to be one of the 20th century's most significant organizational
Innovations because of its value to diversified firms.

• A)network
• B)cooperative
• C)multidivisional
• D)functional

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Definitions:

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully completed units, to accurately measure output.

Conversion

In accounting, it refers to the process of changing raw materials into finished products, including the costs associated with such a transformation.

Weighted-Average Method

An inventory costing method that calculates the cost of units for sale during a period by averaging the costs of all similar goods available.

Equivalent Units

A concept used in cost accounting to standardize the amounts of work done on incomplete units, to fully completed units, thereby enabling a consistent cost analysis.