Organizational Behavior Definition
Organizational Behavior Definition: Organizational behavior is the field of study concerned with the actions (behavior) of people at work.
Managerial Accounting
Managerial Accounting is defined as the measuring, analyzing the business transactions for organizations goal. Managerial accounting helps the manager to take decision within the organization. Managerial accounting is the combination of both financial and non-financial decisions making information’s to managers.
Organization Sustaining Activities Definition
Organization Sustaining Activities Definition: Organizational sustaining activities are those activities that are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made.
Division of Labor Definition
Division of Labor Definition: The breakdown of jobs into narrow and repetitive tasks is called division of labor. In 1776, Adam Smith published his book The Wealth of Nation, in which he argued for the economic advantages and organizations that society would gain from
Organization Definition
Organization Definition: An organization is a deliberate arrangement of people to accomplish some specific purpose. Each organization has three characteristics; first, each organization has a distinct purpose. This purpose is usually expressed in terms of a goal or a set of goals that organization
Organizational Chart Definition
Organizational Chart Definition: Organizational Chart is a visual diagram of a firm’s organizational structure that depicts formal lines of reporting, communication, and responsibility between managers.
Organizational Chart Definition
Organizational Chart Definition: Organizational Chart is a visual diagram of a firm’s organizational structure that depicts formal lines of reporting, communication, and responsibility between managers.
Optional Straight Line Method Definition
Optional Straight Line Method Definition: A method of computing depreciation deductions under MACRS that can be used instead of the MACRS tables.
Operations Management Definition
Operations Management Definition: The design, operation, and control of the transformation process that converts resources (labor and raw materials etc.) into finished goods or services.
Operating Leverage Definition
Operating Leverage Definition: Operating leverage is a measure of how sensitive net income is to a given percentage change in sales. It is computed by dividing the contribution margin by net income. This page only defines the term click here to read full article
Operating Department Definition
Operating Department Definition: Operating department is a department or similar unit in an organization within which the central purposes of the organization are carried out.
Discretionary Fixed Cost Definition
Discretionary Fixed Cost Definition: Discretionary fixed costs are those fixed costs that arise from annual decisions by management to spend in certain fixed cost areas, for example advertising and research.
Directing and Motivating Definition
Directing and Motivating Definition: Mobilizing employees to carry out plans and run routine operations.
Direct Method Cash Flow Definition
Direct Method Cash Flow Definition: A method of computing the cash provided by operating activities in which the income statement is reconstructed on a cash basis from top to bottom.
Direct method Cost of Allocation Definition
Direct method Cost of Allocation Definition: The allocation of all of a service department’s costs directly to operating departments without recognizing services provided to other service departments.
Operating Assets Definition
Operating Assets Definition: Operating assets are cash, accounts receivable, inventory, plant and equipment, and all other assets held for productive use in an organization.
Operating Activities Definition
Operating Activities Definition: Transactions that enter into the determination of net income.
Open System Definition
Open System Definition: Open system is a system that dynamically interact with their environment.
Omnipotent View of Management Definition
Omnipotent View of Management Definition: Omnipotent view of management is the view that managers are directly responsible for an organization’s success or failure.