Examlex
When a company is preparing a budgeted cash flow statement and it wishes to calculate the payments to suppliers for purchases of inventory,it should refer to which of the following?
Classical Approach
A management theory that emphasizes a structured form of organization, focused on efficiency, and based on principles of planning, organizing, commanding, coordinating, and controlling.
Bureaucracy
A system of administration characterized by strict policies, procedures, and hierarchy, often within large organizations.
Organic Organisation
A type of organizational structure that is more flexible and adaptable, characterized by less formalization, wide spans of control, and decentralized decision-making.
Legitimate Authority
The right to lead or command, based on a recognized and accepted position of power within social, legal, or organizational structures.
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