What Is the Rule for Organizing the Work Effort to Support

question 69

Multiple Choice

What is the rule for organizing the work effort to support good strategy execution?

• A) A firm's organizational structure should be matched to its unique strategy.
• B) Decide on how much to spend on training managers and employees.
• C) Choose an organization structure that is a tight fit with the corporate culture.
• D) Ensure the firm hires a capable management team.
• E) All of these.

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Definitions:

Inventory Purchases

The total cost incurred by a business to buy goods for resale or raw materials to produce finished goods.

Operating Expenses

Costs related to the day-to-day functions of a business outside of direct labor and materials, such as rent, utilities, and office supplies.

Budgeted Cash Disbursements

An estimation of the cash outflows a company anticipates over a specified period, including expenses, payments to creditors, and investments.

Factory Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor costs.