In Order to Become More Efficient, Your Company Has Restructured

question 33

Multiple Choice

In order to become more efficient, your company has restructured its management team. You are to convey these changes to the rest of the company.
-What is the best way to communicate the new organizational structure to employees in your organization?

• A) Create an organizational chart and send it to the employees.
• B) Send an e-mail message with everyone's name and new position in a list.
• C) Send a broadcast phone message listing everyone's new position.
• D) Let the management team members introduce themselves to all the employees.

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Definitions:

Fiscal Period

A specific time period for which a business reports financial performance and position, typically a year or quarter.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specific intervals, not after each transaction.

LIFO Method

An inventory valuation method that stands for "Last In, First Out," assuming that the most recently produced items are sold first.

Cost of Goods Sold

The immediate financial costs tied to the manufacture of goods a company sells, including labor and materials.