Explanation Dynamic Virtual Organization: Dynamic virtual organization is a firm where a platform is provided to manufacturer for marketing and trading the product. Organization builds online partnership contracts with manufacturers of various products. These manufactured products are stored either by the manufacturers or with the distributers. Process of how dynamic virtual organization works is as follow: Marketing firms advertise the manufactured products online to search perspective customers. When customer places an order through internet, marketing firm directs the order to supplier...

10th Edition

ISBN: 9781337619202

Author: Hall, James A.

Publisher: Cengage Learning,

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Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.

Chapter 12, Problem 5DQ

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Explain the term dynamic virtual organization.

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Chapter 12 Solutions

Accounting Information Systems

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Explain the term dynamic virtual organization.

Solution Summary: The author explains dynamic virtual organization, where a platform is provided to manufacturer for marketing and trading the product.

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Explain the term dynamic virtual organization.

Chapter 12 Solutions