The Organizational Grapevine

question 54

Multiple Choice

The organizational grapevine:

• A)transmits information very slowly from higher to lower levels in the organization.
• B)tends to use communication channels that are low in media richness.
• C)ignores social relations among employees in the organization.
• D)helps employees to make sense of their workplace when the information is not available through formal channels.
• E)The grapevine has all of these characteristics.

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Definitions:

Job Costing

A cost accounting system used to assign costs to specific jobs or batches, typically used in industries with unique, customizable orders.

Inventory Valuation

The monetary amount associated with the goods held by a company to be sold or used in production.

Operation Costing

A hybrid costing system used in manufacturing, combining elements of both job-order and process costing.

Conversion Costs

Costs associated with converting raw materials into finished products, typically including labor and overhead expenses.