According to Your Textbook, a Virtual Organisation Would Be Defined

question 24

Multiple Choice

According to your textbook, a virtual organisation would be defined as ________.

• A)a small core organisation that outsources major business functions
• B)an organisation that consists of a small core of full-time employees and that temporarily hires outside specialists to work on opportunities that arise
• C)a manufacturing organisation that uses outside suppliers to provide product components or modules that are then assembled into final products
• D)an organisation that has developed the capacity to learn, adapt and change continuously
• E)an organisation whose design is not defined by, or limited to, the horizontal, vertical or external boundaries imposed by a predefined structure

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Definitions:

Income From Operations

The income earned from the core business operations of a company, excluding non-operational income and expenses.

Invested Assets

Assets consisting of money or other items of value that are put into financial instruments or projects with the expectation of achieving income or profit.

Return On Investment

A performance measure used to evaluate the efficiency of an investment by comparing the amount of return relative to the investment’s cost.

Sales To Investment

A ratio that measures the return on investment by comparing the sales generated to the amount of investment made.