A Clear Statement of Mission, Goals, Objectives and Values; a Division

question 53

Multiple Choice

A clear statement of mission, goals, objectives and values; a division of labor among specialists; a rational organization or design; and a hierarchy of authority and responsibility are elements of __________.

• A) field services
• B) formal organization
• C) channels of communication
• D) flat organization

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Definitions:

Cost Of Goods Sold

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

Ending Finished Goods Inventory

The value of all the finished goods available for sale at the end of an accounting period.