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

Recognize the role of attribution biases in prejudice and stereotype formation.

Understand the social psychology behind ingroups and outgroups and their perceptions.

Evaluate the methods and credibility of persuasive messages and their sources.

Understand how rapid assessments based on minimal information can lead to quick inferences about individuals.

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Definitions:

Direct Labor

The cost of workers who can be easily identified with the manufacturing process of a product.

Control

The process of gathering feedback to ensure that a plan is being properly executed or modified as circumstances change.

Budgets

Formal quantitative plans for the financial management of resources over a specified period, often used for controlling and directing resources.

Budgeted Income Statement

A financial report projecting revenue, expenses, and net income for a future period, based on management's expectations.