One of the "Pros" of Horizontal Organizations Is

question 46

Multiple Choice

One of the "pros" of horizontal organizations is:

• A) Lower cost of entry
• B) Improved responsiveness to customers
• C) Sharing of equipment and expertise
• D) Clear roles and responsibilities
• E) Lines or formal authority along two dimensions

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Definitions:

Physical Inventory

A process where a business counts its entire inventory by hand at a specific point in time to verify stock quantities.

Cost Flow Assumption

An accounting method used to value inventory and determine the cost of goods sold, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out).

Specific Identification

Specific identification is an inventory valuation method that tracks the cost of individual items in inventory and matches those costs with the items' actual sale.

Inventory System

A method for tracking the quantities, locations, and statuses of products a company has in stock, both for sales and production purposes.