The Method by Which an Organization Transforms Its Inputs into Outputs

question 53

Multiple Choice

The method by which an organization transforms its inputs into outputs refers to its

• A) structure.
• B) technology.
• C) specialization.
• D) quality.
• E) projects.

---

Definitions:

Investing Assets

Assets acquired for the purpose of generating income from investments rather than for use in the company's main business operations.

Bonus

An additional payment given to employees as a reward for their performance, over and above their regular salary.

Existing Partner(s)

Refers to current members of a partnership who share ownership and responsibility for the business.

Mutual Agency

A principle in partnership where each partner is both an agent and a principal, permitting each partner to bind the partnership in contract within the scope of the partnership’s business.