Which of the Following Is NOT an Element of Organizational

question 92

Multiple Choice

Which of the following is NOT an element of organizational structure?

• A)Well-articulated mission,vision,and value statements
• B)Formal reporting relationships
• C)Grouping together of individuals into departments
• D)Systems designed to ensure effective communication

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Definitions:

Merchandise Inventory

Goods available for sale, valued at the lower of cost or market price, on a company's balance sheet.

Estimated Cost

A projection or approximation of the cost associated with manufacturing a product or completing a project.

Net Realizable Value

The estimated selling price of goods minus any costs associated with their sale or disposal.

Merchandise

Goods that are bought and sold in the course of business, often referred to in the context of retail or wholesale trading.