Virtual Corporations

question 39

Multiple Choice

Virtual corporations:

• A) are based on the divisionalized form of organizational structure.
• B) are permanent businesses that rely mainly on the Internet to establish their marketing.
• C) do not need to follow government laws when hiring and laying off employees.
• D) are all of these.
• E) are none of these.

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Definitions:

Beginning Inventory

The value of a company's inventory at the start of an accounting period; the starting point for determining inventory levels over a period.

Budgeted Purchases

The projected amount of goods or materials a company plans to buy over a certain period to meet its production needs.

Capital Expenditures Budget

A budget that plans and tracks the spending on long-term assets, such as buildings, machinery, and equipment.

Forecasted Economic

Predictions about future economic activities, trends, or indicators based on current data and analysis.