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Describe the structure typically found within a virtual organization. How is the structure typically found within a virtual organization different from the structure of a large corporation?
Opportunity Cost
The value of the best alternative that is foregone when a particular decision is made.
Transfer Price
The price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.
Valve Division
A specialized department within a company that focuses on the production and sales of valve-related products.
Pump Division
A specialized section within a company focusing on producing and managing pump-related products and services.
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