A Simple Structure Is Best Suited for Organizations That

question 28

Multiple Choice

A simple structure is best suited for organizations that:

• A) Produce a single product or service
• B) Are new or nearly new
• C) Are trying to maintain an entrepreneurial orientation
• D) All of the above

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Definitions:

Cost Of Goods Sold

The total of all costs used to create a product or service, which has been sold.

Beginning Inventory

The total worth of a company's inventory at the beginning of a financial period.

Purchases

Items bought or acquired by a company for various purposes, primarily for resale in the course of business.

Cost Of Goods Available

The total cost of inventory available for sale during a period, calculated as beginning inventory plus purchases minus ending inventory.