In Developing an Organizational Chart, Avoid Having a Particular Person

question 20

True/False

In developing an organizational chart, avoid having a particular person reporting to more than one person above them in the chain of command.

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Definitions:

Re-stocking

The process of replenishing inventory or goods in a store or warehouse.

Inventory Carrying Costs

The costs required to make or buy a product, including risk of obsolescence, taxes, insurance, and warehousing space used to store the goods.

Taxes

Mandatory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Insurance

A financial product sold by insurance companies to safeguard against financial risk and unforeseen losses.