What Is an Informal Organization? Where Is It Shown on the Organization

question 120

Essay

What is an informal organization? Where is it shown on the organization chart? Explain.

Compute the cost of goods manufactured.

Understand the concept of work in process inventory and how to calculate its ending balance.

Prepare a schedule of cost of goods manufactured.

Recognize costs necessary and integral to the manufacture of finished products.

---

Definitions:

Buffer Inventory

A reserve of supplies or products kept on hand to protect against fluctuations in demand or supply.

Demand/Supply Uncertainty

The unpredictability in the quantity demanded or supplied in the market due to various factors like market trends, seasonality, or production issues.

Strategic Fit

The alignment between an organization's strategies and its internal capabilities and external environment to ensure maximum efficiency and competitive advantage.

Functional Area

Represents a specific department or section within an organization, focusing on a particular set of tasks or responsibilities.