There Are Many Advantages of an Ethical Organization, but It

question 99

True/False

There are many advantages of an ethical organization, but it generally has little to do with employee commitment and motivation to excel.

Recognize the various ways organizations can be structured, including by function, product, territory, process, or customer.

Explain the concept of centralization and decentralization in decision-making within organizations.

Understand the significance of formalization in an organization, including rules, policies, and procedures.

Explain the importance of organizational environments and how they impact organizational design and function.

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Definitions:

Budget Period

The specific time period for which a budget is prepared and used to forecast income and expenditure.

Financial Plan

A projection of a company’s financial statements into the future based on a series of assumptions about what the business and the environment will do. Part of a business plan.

Strategic Plan

A long-term business plan addressing broad issues of what a company’s management wants it to become and how it is to do business.

Business Plans

Detailed documents that outline the goals of a business, the strategy for achieving those goals, and the expected financial performance.