Define Organizational Development (OD)

question 141

Essay

Define Organizational Development (OD). List and explain the five most popular OD techniques.

Understand the principles behind and the impact of the single tax proposal.

Examine the causes and effects of major labor conflicts, including the Haymarket Affair and the Great Railroad Strike.

Assess the impact of industrialization on worker freedoms and the transformations in American life during the Gilded Age, including government roles in labor rights.

Understand the concept of natural monopolies and their economic implications.

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods purchased or produced first are sold or used first, reflecting the natural flow of inventory.

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Inventory Costing

The approach employed for inventory valuation, incorporating methods such as FIFO (First In, First Out), LIFO (Last In, First Out), and the weighted average cost technique.

Gross Profit

The difference between revenue and the cost of goods sold, indicating the basic profitability of a company's core business activities.