The Social Network of Informal Communications That Helps People Interpret

question 79

Multiple Choice

The social network of informal communications that helps people interpret the organization is referred to as

• A) The virtual office.
• B) The Internet.
• C) The grapevine.
• D) Gossip.
• E) Open-book communication.

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made on a periodic basis, rather than continuously, often at the end of an accounting period.

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company.

Merchandising Business

A merchandising business buys goods in their finished form for the purpose of resale without further processing, making profit through buying and selling activities.

Statement Of Stockholders' Equity

A financial document that shows the changes in the value of a company's equity over a reporting period, including shares issued, dividends, and earnings.