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A(n) ____ organization is one that is characterized by broadly defined jobs and responsibilities; loosely defined, frequently changing roles; and decentralized authority and horizontal communication based on task knowledge.
Opportunity Costs
The cost of an alternative that must be foregone to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.
Make Total Cost
An approach to calculate the comprehensive cost of manufacturing a product, including raw materials, labor, and overheads.
Buy Total Cost
The total expense incurred to purchase an item or service, including the purchase price and any additional fees or expenses.
Variable Expenses
Costs that vary in total in direct proportion to changes in business activity levels or volumes, such as sales commissions or raw material costs.
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