Which of the Following Has Increased the Need for More

question 26

Multiple Choice

Which of the following has increased the need for more effective decision making?

• A) The increased use of individual decision making.
• B) The change from flatter to more hierarchical organizational structures.
• C) The increased speed of technology and information.
• D) The scarcity of readily available information.

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Definitions:

Inventory Purchases

The total cost associated with buying goods and materials kept in stock for the purpose of resale or production in a given period.

Administrative Expenses

Costs related to the general operation of a company, such as salaries of executive personnel, legal fees, and insurance.

Minimum Cash Balance

The least amount of cash that a company aims to hold in its accounts to meet immediate operational needs.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, excluding direct material and direct labor costs.