Contemporary organizations can be found in any industry and are constantly adapting to new challenges but they all share some similarities. All of the following are common characteristics of contemporary organizations except ________
A) Measuring and using data to guide decision making
B) Needing individual and team performance
C) Diminished value on long-term relationships with employees
D) All of the above are characteristics of contemporary organizations
D
Explanation: D) Characteristics of contemporary organizations include the increased use of quantitative measurements to aid in decision making and using both individuals and teams. Contemporary organizations are also placing less value on long-term relationships with employees. Other common characteristics in contemporary organizations are the pressure to achieve complex goals, greater competition across the organization, action orientation, multicultural membership, coordination of work across distance and time, and operating in an unpredictable and ever-changing environment.
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When the cost-of-goods-sold method is used to record inventory at market
a. there is a direct reduction in the selling price of the product that results in a loss being recorded on the income statement prior to the sale. b. a loss is recorded directly in the inventory account by crediting inventory and debiting loss on inventory decline. c. only the portion of the loss attributable to inventory sold during the period is recorded in the financial statements. d. the market value figure for ending inventory is substituted for cost and the loss is buried in cost of goods sold.
The ability of an organization to produce goods or services that have some uniqueness in their characteristics is:
A) mass production. B) time-based competition. C) competing on productivity. D) competing on quality. E) competing on differentiation.