What Results from Activities That Improve an Organization's Structure, Technology

question 35

Multiple Choice

What results from activities that improve an organization's structure, technology, and people to achieve objectives?

• A) Authority-responsibility relationships.
• B) Organizational effectiveness.
• C) Organizational classification.
• D) None of the above.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Product Cost

The total expense involved in creating a product, including direct materials, direct labor, and manufacturing overhead.

Variable Cost

Expenses that vary directly with the amount of output or the scale of operations.

Product Costs

The costs directly associated with the production of goods or services, including raw materials, labor, and manufacturing overhead.