Adding More People to a Project Can Be Helpful, but Most

question 41

True/False

Adding more people to a project can be helpful, but most projects are not made more efficient by simply adding labor.

Understand the effects of organizational size on structure and decision-making processes.

Comprehend the concepts of specialization, formalization, and centralization in organizational structures.

Identify the structural characteristics of different organizational forms (mechanistic vs. organic, flat vs. tall).

Analyze the role of task complexity and innovation in shaping organizational structures.

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Definitions:

Accounts Receivable Financing

A type of financing arrangement in which a company uses its receivables as collateral for a loan, effectively selling its right to future payments in exchange for immediate cash.

Factored Receivables Financing

A financial transaction in which a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.

Banker's Acceptance

A short-term financial instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.

Inventory Period

The average time it takes for inventory to be sold and replaced during a given period.