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Identify the seven types of organizational structures. Describe each, and draw a simple model of an organization with that structure.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.
Average Sales Period
The average amount of time it takes for a company to sell its inventory, which can reflect its inventory management efficiency.
Liquidity
The ability of an entity to quickly convert its assets into cash or to pay off its current liabilities.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects money owed from its customers over a period.
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