Standard Operating Procedures (SOPs) Help Make Bureaucracies More Efficient by

question 10

Multiple Choice

Standard operating procedures (SOPs) help make bureaucracies more efficient by

• A)facilitating groupthink.
• B)providing methods to be followed in carrying out tasks once a decision is made.
• C)preventing rivalries among bureaucratic agencies.
• D)Both options a and c are true.
• E)All of the above are true.

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Definitions:

Depreciation Schedule

A table that shows the reduction in value of a company's assets over time.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Sales

The total amount of goods or services sold by a company, contributing to its revenue.