In the Field of Organizational Behaviour, Organizations Are Best Described

question 68

Multiple Choice

In the field of organizational behaviour, organizations are best described as:

• A)social entities with a publicly stated set of formal goals.
• B)legal entities that must abide by government regulations and pay taxes.
• C)physical structures with observable capital equipment.
• D)any social entity with profit-focused motives and objectives.
• E)groups of people who work interdependently towards some purpose.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, such as direct materials, direct labor, and both variable and fixed manufacturing overhead, in the cost of a product.

Unit Product Cost

The total cost associated with producing one unit of product, encompassing both fixed and variable costs.

Operations

Refers to the day-to-day activities involved in the running of a business for the purpose of producing value for the stakeholders.

Absorption Costing

An evaluation technique that assimilates all production costs, covering direct materials, direct labor, and variable and fixed overheads, into the price of a product.