____ Is Typically Used in Businesses That Primarily Sell and Produce

question 99

Multiple Choice

____ is typically used in businesses that primarily sell and produce standard products.For example, a company that manufactures and sells video recorders.

• A) An autonomous project organizational structure
• B) A functional organizational structure
• C) A matrix organizational structure
• D) A project management office

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Definitions:

Cost Of Merchandise Sold

The total expense incurred by a business to purchase or manufacture the goods sold during a period.

Merchandise Inventory

The total cost of all goods held by a company that are available for sale to customers, part of current assets on the balance sheet.

Accumulated Depreciation

The contra asset account credited when recording the depreciation of a fixed asset.

Perpetual Inventory System

An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.