An Organization Is Best Defined as __________

question 92

Multiple Choice

An organization is best defined as __________.

• A) the physical location where people work
• B) a collection of individuals working for the same company
• C) a deliberate arrangement of people to accomplish some specific purpose
• D) a group of individuals focused on profit-making activities
• E) a group of individuals who work in the nonprofit sector

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Definitions:

Net Working Capital Turnover

A measure of how effectively a company is using its net working capital to generate sales.

Total Fixed Assets

The cumulative value of all long-term tangible assets that a company owns and uses in its operations, and are not intended for resale within the business year.

Long-term Liabilities

Debts or obligations that are due in more than one year's time, reflecting a company's financing strategies beyond the short term.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating its short-term financial health and operational efficiency.