Tom and Maria Are Both Outgoing in Varying Degrees

question 85

Multiple Choice

Tom and Maria are both outgoing in varying degrees. Tom can easily strike up a conversation with anyone. Maria is more likely to be outgoing with her friends. According to Cattell, if everyone has some degree of outgoingness in them like Tom and Maria, this would be considered a ____ trait.

• A) central
• B) secondary
• C) cardinal
• D) source

Understand the concept and benefits of departmentalization.

Describe the impact of organizational structure on decision making and flexibility.

Recognize the challenges associated with different organizational structures.

Differentiate between the types of structures based on departmentalization criteria (geographic, product, customer).

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Definitions:

Transferred In Costs

Expenses associated with products or components that are moved from one process, department, or location to another within a manufacturing operation.

FIFO Costing

An inventory valuation method that assumes the first items purchased or produced are the first ones sold, affecting the cost of goods sold and ending inventory.

Opening WIP Inventory

The value of unfinished goods that a company has at the beginning of an accounting period.

FIFO Method

FIFO Method (First In, First Out) is an inventory valuation method where goods first acquired are the first to be sold or removed, affecting stock and cost of goods sold.