An Adhocracy Is Characterized by Few Rules, Policies, and Procedures;

question 53

True/False

An adhocracy is characterized by few rules, policies, and procedures; substantial decentralization; shared decision making among members; extreme horizontal specialization; few levels of management; and virtually no formal controls.

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Definitions:

General Journal Entries

A record of financial transactions in the order they occur.

Invoice Price

Invoice Price is the price listed on an invoice for purchased goods or services, including the base cost and added fees or taxes before any discounts.

General Journal Entry

An accounting record where transactions are initially recorded, detailing the accounts that are affected and the amounts, before the details are posted to the appropriate ledgers.

Discount Period

A specified time frame during which a discount is offered or can be taken advantage of.