The Process of Creating, Selecting, or Changing the Structure of an Organization

question 58

Multiple Choice

The process of creating, selecting, or changing the structure of an organization refers to:

• A)formalization.
• B)organizational design.
• C)specialization.
• D)span of control.
• E)work differentiation.

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Definitions:

Time Series

An array of data elements, usually made up of ongoing recordings measured throughout a specific duration.

Forecast Accuracy

The degree of closeness between predicted values and actual values in forecasting.

Tracking Signal

A metric in inventory management that measures the accuracy of forecast demand against actual demand.

Adaptive Smoothing

A forecasting technique that adjusts the smoothing constant based on the accuracy of previous forecasts.