Organic Structures

question 54

Multiple Choice

Organic structures

• A)are those that resemble a bureaucracy and are highly formalized and centralized.
• B)cross a functional structure with a product structure.
• C)are flexible and decentralized structures with low levels of formalization where communication lines are more fluid.
• D)are how individual and team work within an organization are coordinated.

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Definitions:

Perpetual Inventory System

An accounting method where inventory levels are updated continuously as transactions occur.

Gross Method

An accounting practice where discounts on purchases or sales are recorded gross, without deducting any purchase or sales discounts.

Inventory

The collective sum of all products and materials possessed by a company intended for either resale or production purposes, encompassing raw materials, unfinished products, and completed items.

Ending Inventory

The cumulative worth of all stock, encompassing raw materials, items in the process of being made, and completed products that a company possesses at the conclusion of a financial period.