Departmentalization refers to the degree to which jobs within the organization are standardized
Indicate whether the statement is true or false
FALSE
Explanation: Formalization refers to the degree to which jobs within the organization are standardized. The basis by which jobs are grouped is called departmentalization.
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For a manufacturing company, which of the following is a period cost?
A) direct materials used B) office rent C) wages expense of factory workers D) indirect materials used
Which of the following companies uses captive product pricing?
A) Photo Genie, which sells inexpensive cameras that run only on their own expensive batteries B) Tune Zone, which launched a range of mp3 player models, each priced according to its features C) Penguin's Parlor, which offers customers a 20-percent discount on their birthdays D) Sportsprint, which prices sports equipment according to customer evaluations E) Burger Den, whose combo meals are priced lower than its individual components sold together