Why is it important for the various functional areas of a business organization to collaborate?
What will be an ideal response?
It is important for the various functional areas to collaborate because collaboration will lead to improved communication among the departments (functions) that in turn will improve the performance of the firm. Collaboration will reduce the chance of sub-optimization by a functional area due to the possibility that a particular functional area does not have enough information about the other areas and their constraints or decisions.
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Equity or debt securities held to finance future construction of additional plants should beclassified on a balance sheet as
a. current assets. b. property, plant, and equipment. c. intangible assets. d. long-term investments.
The purpose of pilot runs in a simulation model is to generate enough solutions to perform model validation and verification
a. True b. False