Fayol's Principle of ________ Refers to How to Build Harmony

question 123

Multiple Choice

Fayol's principle of ________ refers to how to build harmony and unity in an organization.

• A)centralization
• B)equity
• C)order
• D)esprit de corps

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Definitions:

Processing Department

A specific department within a manufacturing facility where goods undergo a particular process in the production cycle.

Weighted-Average Method

An approach to assess the cost of sold goods and concluding inventory by leveraging the average price of every unit available for purchase.

Ending Inventory

The value of goods available for sale at the end of an accounting period, not yet sold.

Conversion Costs

The combined total of direct labor costs and manufacturing overhead expenses, indicating the expenses required to transform raw materials into completed products.