An Organization Using a Weblike Structure Where Some or All

question 35

Multiple Choice

An organization using a weblike structure where some or all of their operating functions are contracted to other organizations would be called a:

• A) network organization.
• B) virtual organization.
• C) cellular organization.
• D) circle organization.

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Definitions:

Inventory Turnover

A metric that measures the number of times a company sells and replaces its stock of goods during a certain period.

Lower of Cost

This accounting principle requires that the inventory or stock should be reported at the lower of its cost or the market value.

Market Method

An appraisal technique used to determine the value of an asset based on the current market price of comparable assets.

Replacement Cost

The cost to replace an asset with another of similar kind and quality at current prices, often considered in insurance assessment and accounting.