How May a Large Organization Differ from a Medium and Small

question 55

Multiple Choice

How may a large organization differ from a medium and small organization?

• A)May have greater order potential
• B)May have more formalized buying and management processes
• C)May have increased specialization of function
• D)All of the above are reasons why an organization may differ

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Definitions:

Check

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Internal Document

Documents used within an organization, such as memos, reports, and internal manuals, that are not shared with external parties.

Cash Payments

Monetary transactions made by an entity to settle obligations or purchase goods and services.

Separate Recordkeeping

The practice of maintaining distinct and independent records for different parts of an organization's operations or financial activities.