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A Form of Organization Characterized by Lateral Decision Processes, Horizontal

question 57

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A form of organization characterized by lateral decision processes, horizontal networks, and a strong corporatewide business philosophy is a horizontal corporation.


Definitions:

Cash Account

An account that records all transactions involving the cash of a company, including receipts and payments.

Raw Materials Inventory

Items and substances in stock that will be used in the manufacturing process to create goods and products.

Net Operating Income

A company's revenue minus its operating expenses, excluding taxes and interest.

Work in Process Inventory

Items that are in the process of being manufactured but are not yet complete.

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