Genex Dynamics Is a Ballistics Company That Uses the Principles

question 45

Multiple Choice

Genex Dynamics is a ballistics company that uses the principles of unity of command, scalar chain, and division of work.These are part of which of the following management approaches?

• A)Administrative principles 
• B)Bureaucratic
• C)Scientific management
• D)Humanistic
• E)Behavioral sciences

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Definitions:

First-In, First-Out

An inventory accounting method where the oldest items (first-in) are sold or used first (first-out), affecting the cost of goods sold and ending inventory valuation.

Cost Reconciliation Report

A financial report that reconciles the beginning and ending costs for a period, often used in manufacturing to track material, labor, and overhead.

Beginning Work

The initial stage or tasks that start a process, often referring to the beginning inventory or work-in-process in manufacturing.

Costs Added

Expenses that have been incurred additionally, often related to production or acquisition of inventory.