What is the difference between the formal and the informal organization?
.What will be an ideal response?
The formal organization is the one put together by management. It is depicted by the organization chart. This chart shows lines of authority and areas of responsibility. The management team should arrange the formal organization in the most appropriate manner for that organization’s environment. The informal organization, on the other hand, is not put together by management. It is the network of personal and social relationships that occur when people work together. It is not depicted on any organization chart.
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Which of the following is a cash management arrangement with a bank whereby the organization's customers send payments directly to the client's bank, which deposits the remittance to the client's account?
a. Lockbox. b. Bank transfer. c. Imprest bank account. d. Imprest Account.
The second step of the marketing research process is to ________
A) define the problem B) select the primary data collection method C) determine the sampling method D) calculate the budget E) determine the research design
A proactive personality will typically wait for the company to point out what problems need fixing
Indicate whether the statement is true or false.
Which of the following items are reconciling items on the book side of the reconciliation?
A) outstanding checks and correction of book error B) deposit in transit and NSF check C) bank service charge and outstanding checks D) bank service charge and correction of book error