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Figure 21-1
-Identify the structure labeled "2."
Organisational Structure
The system of rules, roles, and responsibilities within an organization that determines how it operates and how its employees work together to achieve business objectives.
Committed Cost
Expenses that a company has formally pledged or is obligated to incur, often fixed costs related to contracts or legal commitments.
Firm
A business entity involved in commercial, industrial, or professional activities, whether incorporated or not.
Machine Maintenance
The routine or periodic upkeep and repairs of machinery to ensure its optimal functioning and prevent breakdowns.
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