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The Matrix Organization Has a Dual Structure Combining Functional Specialization

question 49

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The matrix organization has a dual structure combining functional specialization and business product or project specialization.


Definitions:

Sales

The total amount of goods or services sold by a company during a specific period.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value.

Certificates of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, held at a bank or financial institution.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

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