Match the Options Below with the Correct Phrases

question 55

Multiple Choice

Match the options below with the correct phrases:
-bureaucracies

• A)continuous improvement
• B)the school that emphasizes math and measurements
• C)a set of interrelated parts that work together
• D)rethinking and redesign of business processes
• E)rational organizations based on the control of knowledge
• F)the theory pursuing "the one best way"
• G)the school of variables and unique situations
• H)1 + 1 = more than two (2)
• I)the school that emphasizes meeting the needs of the customer
• J)the study of complex systems to improve effectiveness
• K)models, simulations, games, and other analytical tools are used to optimize performance
• L)the branch of management science that applies to manufacturing or service industries
• M)the school that emphasizes people
• N)the school that focuses upon the flow of information in organizations
• O)theory that holds than an organization comprises various parts that must perform tasks necessary for the survival and proper functioning of the system as a whole
• P)the school that was mainly concerned with the manufacturing and factory floor environments
• Q)part of an art or science that attempts to explain the relationships between and among its underlying principles

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Definitions:

Subsidiary

A company that is completely or partly owned and partly or wholly controlled by another company.

FIFO Inventory Reporting

An approach to reporting inventory where the oldest stock is recorded as sold first; reiterates the First-In, First-Out method in financial statements.

Consistent Application

The principle that accounting rules and methods should be applied the same way in each accounting period to ensure comparability of financial statements.

All-Inclusive Concept

A pricing strategy or business model where a single price includes all related services and products.