A(n) ________ Organization Is Highly Formalized and Centralized

question 70

Multiple Choice

A(n) ________ organization is highly formalized and centralized.

• A) organic
• B) mechanistic
• C) complex
• D) learning

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Definitions:

Carrying Costs

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.

Cycle Counting

A method of inventory verification where a select portion of the stock held in a particular area is tallied on a predetermined day.

Inventory Records

Documentation of the quantities, locations, and statuses of products or materials that a company holds in stock.

Inventory Turnover

Cost of goods sold divided by average inventory.