Groups That Function Outside Traditional Lines of Authority Permitting Rapid

question 2

Multiple Choice

Groups that function outside traditional lines of authority permitting rapid turnaround of new ideas as well as instilling a high level of group loyalty are called:

• A)skunk works.
• B)multiple approaches.
• C)champions.
• D)strategic innovators.

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Definitions:

Average Inventory

A metric that estimates the amount of inventory a business has on hand over a certain period, calculated by taking the sum of the beginning and ending inventory levels divided by two.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, as opposed to continuously.