A Social Definition of an Organization Focuses on Which of the Following

question 12

Multiple Choice

A social definition of an organization focuses on which of the following?

• A) organizations as entities that have legal rights and clear membership boundaries
• B) organizations as entities that are responsible to their communities and not just themselves
• C) organizations as entities that have physical features such as buildings, materials, and personnel
• D) organizations as entities that exist only through communication and have flexible membership boundaries

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Definitions:

Depreciation

The process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner.

Net Income

The net income of a company once all costs and taxes are deducted from the total revenue.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost. It measures the profitability or efficiency of an investment.

Cost of Capital

The yield a corporation needs to generate from its investment endeavors to keep its market valuation stable and draw in financing.