Woodward's Classification Theme of Technology (Large Batch, Small Batch, and Continuous

question 46

Multiple Choice

Woodward's classification theme of technology (large batch, small batch, and continuous process) led to the conclusion that the more complex the technology, the:

• A)more investment capital the organization needed
• B)more needed to be invested in training
• C)more complex the administrative component of the organization needs to be
• D)more a participative leadership style would lead to organizational effectiveness

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Definitions:

Compensating Balance

A minimum account balance that a borrower must maintain as part of a condition for obtaining a loan.

Line of Credit

A flexible loan from a bank or financial institution that allows a borrower to draw and use funds up to a designated limit.

Field Warehouse

A storage facility that is used to store goods that are under the control of a financing company until the loan secured by those goods is repaid.

Loan Against Inventory

A type of financing where a loan is given to a company based on the value of its inventory which serves as collateral.