Which of the Following Is a Characteristic of the Formalization

question 72

Multiple Choice

Which of the following is a characteristic of the formalization stage of the organizational life cycle?

• A) frequent communication
• B) top management concern with planning and strategy
• C) establishment of departments
• D) market survival

Identify the impact of religion on social and economic behaviors.

Comprehend the concept of culture and its influence on societal norms and values.

Understand the commonalities among different world religions.

Distinguish between the ethical and moral obligations in various religions.

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Definitions:

Days' Payable Outstanding

A financial metric that measures how long it takes a company to pay its invoices from suppliers, reflecting on cash management practices.

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services purchased on credit.

Cost of Goods Sold

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

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or sold but not yet paid for.