Which of the Following Is True of a Line Organization

question 10

Multiple Choice

Which of the following is true of a line organization?

• A)It is effective in a crisis situation.
• B)It is a complex organization structure.
• C)It places authority jointly in the hands of a group of individuals.
• D)It links employees from different parts of the organization to work together.

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Definitions:

Net 30

A payment term indicating that the full payment is due within 30 days of the invoice date.

Economic Order Quantity

A formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.

Average Inventory

An accounting metric that estimates the value or quantity of a company's inventory over a specified time period.

Carrying Cost

Carrying cost refers to the total cost of holding inventory, including storage, insurance, taxes, opportunity costs, and depreciation.