A Significant Difference Between the Organizational Structure Used by a Chain

question 21

Multiple Choice

A significant difference between the organizational structure used by a chain retailer and by a diversified retailer is that the chain retailer more often has _____.

• A)elaborate financial controls
• B)standardized operations in all units
• C)a more complex organization structure
• D)a large number of divisions

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Definitions:

Working Capital

The variance between a firm's current holdings and debts, reflecting its short-term economic condition and efficiency in procedures.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

Sales On Account

Transactions where revenue is recorded when sales are made, but payment is received at a later date.

Cost Of Goods Sold

The total cost of goods that have been sold during a specific period, including the cost of materials, labor, and overhead.