With Regard to Organizational Structure,the Increasing Need for Strategic Flexibility

question 29

Multiple Choice

With regard to organizational structure,the increasing need for strategic flexibility in an increasingly competitive global marketplace has led to:

• A)Simpler structures
• B)Organizations brining more of their operations back into the firm
• C)Fewer franchises
• D)The adoption of less structure corporate forms of organization
• E)More centralized decision making

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Definitions:

Liters

A metric unit of volume equal to 1,000 cubic centimeters, commonly used to measure liquids.

Standard Costs

These are predetermined costs of manufacturing a single unit or a number of units of a product during a specific period, based on expected material, labor, and overhead costs.

Price Variance

A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the actual quantity of the input.

Direct Labor-Hours

The total hours worked by direct labor employees on the production of goods or delivery of services.