Having Separate Payroll Departments in Each Division of a Divisional

question 78

Multiple Choice

Having separate payroll departments in each division of a divisional structure is an example of which of the following?

• A)Effectiveness, because separate payroll departments create jobs
• B)Efficiency, because separate payroll departments can share methods of operation
• C)Duplication, because a single payroll department could do the job
• D)Efficiency, because payroll departments compete

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects revenue from its credit sales.

Average Collection Period

Refers to the average number of days it takes for a business to receive payments owed by its customers after a sale has been made on credit.

Inventory Turnover

A ratio that measures the number of times inventory is sold or used over a period, indicating the efficiency of inventory management.