In Many Small Firms the Organizational Structure Tends to Evolve

question 116

Multiple Choice

In many small firms the organizational structure tends to evolve ________.

• A)naturally,without much organizing
• B)with very little intentional and deliberate planning
• C)with increase in employee numbers
• D)along with business growth and profits

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Definitions:

Deferred Credit

A liability recognized when an entity receives something of value but does not recognize the revenue until a later accounting period.

Materials Requisition

A document used to request the transfer of materials from storage to production, specifying types and quantities of materials required.

Purchase Order

A document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services.

Receiving Report

A document that records the details of items received in a shipment, used to verify deliveries and manage inventory.