Organizing Involves Allocating Resources, Assigning Tasks, and Establishing Procedures for Accomplishing

question 105

True/False

Organizing involves allocating resources, assigning tasks, and establishing procedures for accomplishing the organizational objectives.

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Definitions:

Firm

A business that employs resources to produce a good or service for profit and owns and operate one or more plants.

Purchase

The act of buying goods or services, exchanging money for ownership or use rights.

MRP

Material Requirements Planning; a system for calculating the materials and components needed to manufacture a product.

Acre

A unit of land area used in the imperial and US customary systems, equivalent to 4,840 square yards or about 4,047 square meters.