A Company Whose Structure,policies,and Capabilities Allow Employees to Respond Quickly

question 64

Multiple Choice

A company whose structure,policies,and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) ________.

• A) agile organization
• B) hyper-specialized organization
• C) formal organization
• D) umbrella organization
• E) mechanistic organization

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Definitions:

Net Operating Income

The profit a company generates from its normal business operations, excluding other income and expenses not related to its core activities.

Tenant-Days

A measure used in the hospitality or rental industry, representing the total number of days that tenants occupy a space.

Facility Expenses

Costs associated with the physical locations where businesses operate, such as rent, utilities, maintenance, and security.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, providing a more accurate comparison between actual and budgeted performance.