Which of the Following Workgroup Processes Is Related to Operations

question 8

Multiple Choice

Which of the following workgroup processes is related to operations?

• A) account updating and tracking
• B) sales forecasting
• C) finished goods inventory management
• D) treasury and account management
• E) account tracking

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale.

Function Based Divisions

Organizational structuring where a company is divided into departments based on functions such as marketing, finance, or production.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services to make a profit.

M-Form Organization

A multi-divisional organizational structure, characterized by a set of autonomous divisions organized under a centralized corporate headquarters.