An Advantage of Teams in an Organization Is That They

question 104

Multiple Choice

An advantage of teams in an organization is that they enable the organization to shed its _____.

• A) functionality
• B) bureaucracy
• C) flexibility
• D) technocracy
• E) responsiveness

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Definitions:

Production Budget

An estimate of the total units to be produced in a given period, considering forecasted sales and desired inventory levels.

Cash Receipts

The collection of money, including currency, checks, and electronic transfers, by a business.

Sales Budget

An estimate of future sales, often detailed in terms of volume and revenue, used for planning and controlling a business's operations.

Cash Collections

The process of gathering all cash received from sales, receivables, and other sources during a given period.